Dynamic Technology Lab Private Ltd purchased a new stake in shares of Orion Engineered Carbons SA (NYSE:OEC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,464 shares of the specialty chemicals company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its position in Orion Engineered Carbons by 2.5% in the first quarter. Neuberger Berman Group LLC now owns 295,697 shares of the specialty chemicals company’s stock worth $8,013,000 after purchasing an additional 7,100 shares during the last quarter. California Public Employees Retirement System boosted its position in Orion Engineered Carbons by 332.9% in the first quarter. California Public Employees Retirement System now owns 87,146 shares of the specialty chemicals company’s stock worth $2,362,000 after purchasing an additional 67,013 shares during the last quarter. Quantbot Technologies LP purchased a new position in Orion Engineered Carbons in the first quarter worth about $189,000. GSA Capital Partners LLP boosted its position in Orion Engineered Carbons by 110.6% in the first quarter. GSA Capital Partners LLP now owns 19,466 shares of the specialty chemicals company’s stock worth $528,000 after purchasing an additional 10,223 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Orion Engineered Carbons in the first quarter worth about $592,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.

OEC stock opened at $32.10 on Tuesday. Orion Engineered Carbons SA has a twelve month low of $21.80 and a twelve month high of $36.55. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.40 and a current ratio of 2.01. The stock has a market cap of $1.95 billion, a PE ratio of 19.89 and a beta of 0.81.

Orion Engineered Carbons (NYSE:OEC) last posted its quarterly earnings data on Thursday, August 2nd. The specialty chemicals company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.17. Orion Engineered Carbons had a return on equity of 132.30% and a net margin of 7.95%. The firm had revenue of $391.60 million for the quarter, compared to analysts’ expectations of $342.90 million. During the same period in the previous year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. equities analysts forecast that Orion Engineered Carbons SA will post 2.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 20th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.49%. Orion Engineered Carbons’s payout ratio is currently 49.08%.

Several brokerages have issued reports on OEC. ValuEngine cut Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Northcoast Research reissued a “buy” rating and issued a $40.00 target price on shares of Orion Engineered Carbons in a research report on Tuesday, August 7th. Finally, Zacks Investment Research cut Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orion Engineered Carbons presently has an average rating of “Buy” and a consensus target price of $32.00.

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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Institutional Ownership by Quarter for Orion Engineered Carbons (NYSE:OEC)

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