Lawson Kroeker Investment Management Inc. NE lowered its position in shares of Orion Engineered Carbons SA (NYSE:OEC) by 6.6% in the fourth quarter, Holdings Channel reports. The fund owned 357,335 shares of the specialty chemicals company’s stock after selling 25,255 shares during the quarter. Orion Engineered Carbons makes up approximately 2.9% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 12th biggest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Orion Engineered Carbons were worth $9,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of Orion Engineered Carbons during the third quarter valued at approximately $113,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orion Engineered Carbons in the third quarter valued at approximately $276,000. Boston Partners increased its holdings in shares of Orion Engineered Carbons by 566.9% in the third quarter. Boston Partners now owns 310,735 shares of the specialty chemicals company’s stock valued at $6,976,000 after purchasing an additional 264,141 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in shares of Orion Engineered Carbons by 27.5% in the third quarter. OxFORD Asset Management LLP now owns 135,271 shares of the specialty chemicals company’s stock valued at $3,003,000 after purchasing an additional 29,136 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Orion Engineered Carbons by 48.4% in the second quarter. GSA Capital Partners LLP now owns 27,489 shares of the specialty chemicals company’s stock valued at $548,000 after purchasing an additional 8,970 shares during the last quarter. 54.56% of the stock is owned by institutional investors and hedge funds.
Orion Engineered Carbons SA (OEC) traded up $0.25 during trading hours on Wednesday, hitting $27.25. The company had a trading volume of 420,900 shares, compared to its average volume of 624,050. Orion Engineered Carbons SA has a 12-month low of $17.15 and a 12-month high of $27.70. The company has a debt-to-equity ratio of 8.95, a quick ratio of 1.47 and a current ratio of 2.08. The firm has a market capitalization of $1,601.65, a PE ratio of 23.29 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.169 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.68 annualized dividend and a yield of 2.48%. Orion Engineered Carbons’s dividend payout ratio (DPR) is 68.38%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Orion Engineered Carbons from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays increased their price target on Orion Engineered Carbons from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. raised Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 price target for the company in a report on Monday, November 6th. KeyCorp reaffirmed a “buy” rating and issued a $26.00 price target on shares of Orion Engineered Carbons in a report on Friday, November 3rd. Finally, UBS Group increased their price target on Orion Engineered Carbons from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.71.
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About Orion Engineered Carbons
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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