Robeco Institutional Asset Management B.V. Acquires Shares of 10,684 Orion Engineered Carbons SA (OEC)

Robeco Institutional Asset Management B.V. purchased a new position in Orion Engineered Carbons SA (NYSE:OEC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,684 shares of the specialty chemicals company’s stock, valued at approximately $342,000.

A number of other institutional investors have also modified their holdings of the business. FMR LLC raised its position in Orion Engineered Carbons by 22.3% in the second quarter. FMR LLC now owns 5,261,660 shares of the specialty chemicals company’s stock worth $162,322,000 after acquiring an additional 957,855 shares in the last quarter. Renaissance Technologies LLC raised its position in Orion Engineered Carbons by 23.8% in the second quarter. Renaissance Technologies LLC now owns 3,538,800 shares of the specialty chemicals company’s stock worth $109,172,000 after acquiring an additional 679,700 shares in the last quarter. Victory Capital Management Inc. raised its position in Orion Engineered Carbons by 25.5% in the second quarter. Victory Capital Management Inc. now owns 3,348,625 shares of the specialty chemicals company’s stock worth $103,305,000 after acquiring an additional 679,719 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in Orion Engineered Carbons by 4.7% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 1,133,338 shares of the specialty chemicals company’s stock worth $36,380,000 after acquiring an additional 51,068 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Orion Engineered Carbons by 43.2% in the third quarter. Acadian Asset Management LLC now owns 661,047 shares of the specialty chemicals company’s stock worth $21,220,000 after acquiring an additional 199,347 shares in the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.

NYSE OEC opened at $25.04 on Monday. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.35 and a current ratio of 2.04. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 15.36 and a beta of 1.09. Orion Engineered Carbons SA has a 1 year low of $22.25 and a 1 year high of $36.55.

Orion Engineered Carbons (NYSE:OEC) last released its earnings results on Thursday, November 1st. The specialty chemicals company reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Orion Engineered Carbons had a return on equity of 108.30% and a net margin of 8.22%. The company had revenue of $394.00 million for the quarter, compared to analysts’ expectations of $333.14 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts expect that Orion Engineered Carbons SA will post 2.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.80 annualized dividend and a yield of 3.19%. Orion Engineered Carbons’s dividend payout ratio (DPR) is presently 49.08%.

Several brokerages have commented on OEC. Zacks Investment Research cut shares of Orion Engineered Carbons from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine upgraded Orion Engineered Carbons from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. UBS Group upgraded Orion Engineered Carbons from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, November 20th. Loop Capital began coverage on Orion Engineered Carbons in a report on Wednesday, October 3rd. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Northcoast Research restated a “buy” rating and set a $40.00 price objective on shares of Orion Engineered Carbons in a report on Tuesday, August 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.67.

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About Orion Engineered Carbons

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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