Goldman Sachs Group Inc. reduced its position in Orion Engineered Carbons S.A (NYSE:OEC) by 38.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,114 shares of the specialty chemicals company’s stock after selling 12,730 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Orion Engineered Carbons S.A were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OEC. Parametric Portfolio Associates LLC purchased a new position in shares of Orion Engineered Carbons S.A in the 1st quarter worth about $219,000. Northern Trust Corp boosted its holdings in shares of Orion Engineered Carbons S.A by 15.7% in the 2nd quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 1,594 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Orion Engineered Carbons S.A in the 2nd quarter worth about $305,000. Renaissance Group LLC boosted its holdings in shares of Orion Engineered Carbons S.A by 10.6% in the 2nd quarter. Renaissance Group LLC now owns 22,760 shares of the specialty chemicals company’s stock worth $454,000 after purchasing an additional 2,186 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Orion Engineered Carbons S.A by 48.4% in the 2nd quarter. GSA Capital Partners LLP now owns 27,489 shares of the specialty chemicals company’s stock worth $548,000 after purchasing an additional 8,970 shares in the last quarter. Hedge funds and other institutional investors own 39.35% of the company’s stock.

Shares of Orion Engineered Carbons S.A (NYSE:OEC) opened at $23.20 on Wednesday. Orion Engineered Carbons S.A has a 52 week low of $17.15 and a 52 week high of $25.45. The company has a quick ratio of 1.47, a current ratio of 2.08 and a debt-to-equity ratio of 8.95. The firm has a market capitalization of $1,373.26, a PE ratio of 14.47 and a beta of 0.53.

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A number of equities analysts have recently issued reports on the company. BidaskClub cut Orion Engineered Carbons S.A from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC boosted their target price on Orion Engineered Carbons S.A from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 7th. KeyCorp boosted their target price on Orion Engineered Carbons S.A from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Berenberg Bank reissued a “buy” rating and issued a $26.00 target price on shares of Orion Engineered Carbons S.A in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co lowered Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $23.00 in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.71.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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

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