Orion Engineered Carbons SA (NYSE:OEC) Position Trimmed by Federated Investors Inc. PA

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Federated Investors Inc. PA decreased its position in shares of Orion Engineered Carbons SA (NYSE:OEC) by 16.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 421,954 shares of the specialty chemicals company’s stock after selling 81,159 shares during the quarter. Federated Investors Inc. PA’s holdings in Orion Engineered Carbons were worth $8,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Manhattan Co. lifted its holdings in shares of Orion Engineered Carbons by 6.8% in the first quarter. First Manhattan Co. now owns 314,050 shares of the specialty chemicals company’s stock worth $5,963,000 after acquiring an additional 20,000 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new position in shares of Orion Engineered Carbons in the first quarter worth about $286,000. Stephens Inc. AR lifted its holdings in shares of Orion Engineered Carbons by 16.3% in the fourth quarter. Stephens Inc. AR now owns 106,845 shares of the specialty chemicals company’s stock worth $2,701,000 after acquiring an additional 14,955 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Orion Engineered Carbons by 1,185.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,362,704 shares of the specialty chemicals company’s stock worth $34,450,000 after acquiring an additional 1,256,698 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Orion Engineered Carbons by 3.5% in the first quarter. Boston Partners now owns 257,080 shares of the specialty chemicals company’s stock worth $4,882,000 after acquiring an additional 8,750 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Orion Engineered Carbons stock opened at $20.72 on Thursday. Orion Engineered Carbons SA has a 1 year low of $17.52 and a 1 year high of $36.55. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.27. The company has a market capitalization of $1.23 billion, a PE ratio of 10.03, a PEG ratio of 1.04 and a beta of 1.00.

Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.08). Orion Engineered Carbons had a net margin of 7.47% and a return on equity of 82.03%. The firm had revenue of $384.71 million during the quarter, compared to analyst estimates of $412.14 million. During the same period in the prior year, the company earned $0.58 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Orion Engineered Carbons SA will post 1.98 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a report on Saturday, February 16th. JPMorgan Chase & Co. cut shares of Orion Engineered Carbons from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $20.00 in a report on Monday, March 11th. ValuEngine cut shares of Orion Engineered Carbons from a “sell” rating to a “strong sell” rating in a report on Saturday, March 9th. Northcoast Research reissued a “buy” rating on shares of Orion Engineered Carbons in a report on Tuesday, March 12th. Finally, Barclays set a $24.00 price objective on Orion Engineered Carbons and gave the company a “hold” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.50.

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Orion Engineered Carbons 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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