Mutual of America Capital Management LLC Has $6.72 Million Stock Holdings in Orion S.A. (NYSE:OEC)

Mutual of America Capital Management LLC lifted its holdings in shares of Orion S.A. (NYSE:OEC) by 16.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 377,198 shares of the specialty chemicals company’s stock after buying an additional 52,807 shares during the period. Mutual of America Capital Management LLC owned about 0.65% of Orion worth $6,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its stake in Orion by 207.0% during the second quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 1,412 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Orion during the 2nd quarter worth approximately $54,000. nVerses Capital LLC bought a new position in Orion in the 3rd quarter valued at approximately $69,000. Lazard Asset Management LLC boosted its position in Orion by 1,375.1% in the first quarter. Lazard Asset Management LLC now owns 3,791 shares of the specialty chemicals company’s stock valued at $89,000 after buying an additional 3,534 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Orion by 76.9% during the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 2,076 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors.

Insider Transactions at Orion

In other Orion news, CEO Corning F. Painter bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the transaction, the chief executive officer now directly owns 958,776 shares in the company, valued at approximately $16,960,747.44. This trade represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Orion Stock Performance

NYSE OEC opened at $17.94 on Wednesday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 34.04 and a beta of 1.48. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. Orion S.A. has a twelve month low of $14.94 and a twelve month high of $28.48. The stock has a fifty day simple moving average of $16.65 and a 200 day simple moving average of $19.99.

Orion (NYSE:OEC) last issued its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $463.40 million for the quarter, compared to the consensus estimate of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. Sell-side analysts expect that Orion S.A. will post 1.68 EPS for the current year.

Orion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be paid a $0.021 dividend. This is a positive change from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, December 13th. Orion’s dividend payout ratio is currently 15.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OEC shares. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $21.00 in a research note on Monday, November 11th. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Orion Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.