Sei Investments Co. purchased a new position in shares of Orion Engineered Carbons SA (NYSE:OEC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 73,500 shares of the specialty chemicals company’s stock, valued at approximately $2,267,000.
Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Orion Engineered Carbons during the 1st quarter worth approximately $189,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Orion Engineered Carbons during the 1st quarter worth approximately $231,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Orion Engineered Carbons during the 1st quarter worth approximately $232,000. Element Capital Management LLC acquired a new stake in shares of Orion Engineered Carbons during the 1st quarter worth approximately $233,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Orion Engineered Carbons during the 1st quarter worth approximately $256,000. Institutional investors own 91.22% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. Northcoast Research reiterated a “buy” rating and set a $40.00 price target on shares of Orion Engineered Carbons in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of Orion Engineered Carbons from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Thursday, May 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
Shares of NYSE OEC opened at $34.85 on Wednesday. The company has a market cap of $2.15 billion, a P/E ratio of 20.34 and a beta of 0.81. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 5.08. Orion Engineered Carbons SA has a 52-week low of $21.10 and a 52-week high of $36.55.
Orion Engineered Carbons (NYSE:OEC) last issued its quarterly earnings data on Thursday, August 2nd. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.17. The firm had revenue of $391.60 million during the quarter, compared to analysts’ expectations of $342.90 million. Orion Engineered Carbons had a net margin of 7.95% and a return on equity of 132.30%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. equities research analysts predict that Orion Engineered Carbons SA will post 2.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 20th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, September 19th. Orion Engineered Carbons’s dividend payout ratio is currently 49.08%.
Orion Engineered Carbons Company Profile
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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