Orion Engineered Carbons SA (OEC) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Orion Engineered Carbons SA (NYSE:OEC) from a sell rating to a hold rating in a report released on Wednesday.

According to Zacks, “Orion Engineered Carbons S.A. operates as a supplier of Carbon Black. It offers products for Coatings, Printing Inks, Polymers, Rubber and other applications. Orion operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company’s Gas Blacks, Furnace Blacks and Specialty Carbon Blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses. Orion Engineered Carbons S.A. is headquartered in Luxembourg. “

Orion Engineered Carbons SA (NYSE:OEC) opened at 21.45 on Wednesday. Orion Engineered Carbons SA has a 52 week low of $13.49 and a 52 week high of $22.20. The company has a market capitalization of $1.27 billion, a P/E ratio of 27.50 and a beta of 0.55. The company has a 50 day moving average price of $21.03 and a 200-day moving average price of $19.54.

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The business also recently disclosed a dividend, which will be paid on Thursday, March 30th. Investors of record on Monday, March 13th will be issued a $0.177 dividend. The ex-dividend date of this dividend is Thursday, March 9th. Orion Engineered Carbons SA’s dividend payout ratio is presently 134.62%.

A number of large investors have recently added to or reduced their stakes in OEC. Advisors Asset Management Inc. increased its stake in shares of Orion Engineered Carbons SA by 3,178.3% in the third quarter. Advisors Asset Management Inc. now owns 9,671 shares of the company’s stock worth $181,000 after buying an additional 9,376 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Orion Engineered Carbons SA by 98.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 37,748 shares of the company’s stock worth $712,000 after buying an additional 18,708 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Orion Engineered Carbons SA during the fourth quarter worth about $778,000. Nationwide Fund Advisors increased its stake in shares of Orion Engineered Carbons SA by 5.7% in the third quarter. Nationwide Fund Advisors now owns 50,472 shares of the company’s stock worth $946,000 after buying an additional 2,700 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in shares of Orion Engineered Carbons SA by 5.3% in the third quarter. Bahl & Gaynor Inc. now owns 54,005 shares of the company’s stock worth $1,012,000 after buying an additional 2,720 shares in the last quarter. Institutional investors and hedge funds own 29.92% of the company’s stock.

Orion Engineered Carbons SA Company Profile

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

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