PNC Financial Services Group Inc. boosted its stake in shares of Orion Engineered Carbons S.A (NYSE:OEC) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,908 shares of the specialty chemicals company’s stock after purchasing an additional 1,492 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.13% of Orion Engineered Carbons S.A worth $1,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. AJO LP increased its holdings in Orion Engineered Carbons S.A by 3.6% during the 2nd quarter. AJO LP now owns 268,444 shares of the specialty chemicals company’s stock worth $5,355,000 after purchasing an additional 9,267 shares during the period. LSV Asset Management purchased a new stake in Orion Engineered Carbons S.A during the 2nd quarter worth about $700,000. Adirondack Research & Management Inc. increased its holdings in Orion Engineered Carbons S.A by 11.1% during the 2nd quarter. Adirondack Research & Management Inc. now owns 127,723 shares of the specialty chemicals company’s stock worth $2,548,000 after purchasing an additional 12,763 shares during the period. JPMorgan Chase & Co. increased its holdings in Orion Engineered Carbons S.A by 14.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,802 shares of the specialty chemicals company’s stock worth $1,612,000 after purchasing an additional 10,364 shares during the period. Finally, Rovida Advisors Inc. increased its holdings in Orion Engineered Carbons S.A by 4.1% during the 2nd quarter. Rovida Advisors Inc. now owns 2,810,000 shares of the specialty chemicals company’s stock worth $55,919,000 after purchasing an additional 110,000 shares during the period. Institutional investors own 37.23% of the company’s stock.

Several equities research analysts have weighed in on OEC shares. Goldman Sachs Group, Inc. (The) upgraded Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, July 14th. BidaskClub upgraded Orion Engineered Carbons S.A from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, July 11th. J P Morgan Chase & Co downgraded Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a report on Monday, August 7th. Finally, KeyCorp restated a “buy” rating and set a $24.00 price target on shares of Orion Engineered Carbons S.A in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.83.

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Shares of Orion Engineered Carbons S.A (NYSE OEC) opened at 23.05 on Friday. The firm’s 50-day moving average price is $21.67 and its 200 day moving average price is $20.26. Orion Engineered Carbons S.A has a one year low of $17.15 and a one year high of $24.55. The stock has a market cap of $1.37 billion, a P/E ratio of 24.55 and a beta of 0.52.

Orion Engineered Carbons S.A Company Profile

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.

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

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