O Shaughnessy Asset Management LLC Reduced Holding in Orion Engineered Carbons SA (OEC)

O Shaughnessy Asset Management LLC Reduced Holding in Orion Engineered Carbons SA (OEC)

O Shaughnessy Asset Management LLC reduced its position in shares of Orion Engineered Carbons SA (NYSE:OEC) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 37,462 shares of the specialty chemicals company’s stock after selling 286 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Orion Engineered Carbons SA were worth $768,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in OEC. Bahl & Gaynor Inc. increased its stake in shares of Orion Engineered Carbons SA by 2.3% in the first quarter. Bahl & Gaynor Inc. now owns 59,160 shares of the specialty chemicals company’s stock worth $1,213,000 after buying an additional 1,340 shares during the last quarter. Putnam Investments LLC increased its stake in Orion Engineered Carbons SA by 0.6% in the fourth quarter. Putnam Investments LLC now owns 362,281 shares of the specialty chemicals company’s stock worth $6,829,000 after buying an additional 2,200 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in Orion Engineered Carbons SA by 0.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 811,346 shares of the specialty chemicals company’s stock worth $16,633,000 after buying an additional 4,978 shares during the last quarter. Keybank National Association OH increased its stake in Orion Engineered Carbons SA by 14.0% in the first quarter. Keybank National Association OH now owns 59,300 shares of the specialty chemicals company’s stock worth $1,216,000 after buying an additional 7,300 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in Orion Engineered Carbons SA by 10.9% in the fourth quarter. Two Sigma Investments LP now owns 92,424 shares of the specialty chemicals company’s stock worth $1,742,000 after buying an additional 9,118 shares during the last quarter. Hedge funds and other institutional investors own 29.92% of the company’s stock.

Shares of Orion Engineered Carbons SA (OEC) traded up 0.86% on Friday, hitting $17.55. 126,457 shares of the stock were exchanged. The company has a market cap of $1.04 billion, a P/E ratio of 20.24 and a beta of 0.55. The firm’s 50-day moving average is $18.77 and its 200-day moving average is $19.82. Orion Engineered Carbons SA has a one year low of $14.44 and a one year high of $22.20.

The firm also recently announced a dividend, which will be paid on Friday, June 30th. Investors of record on Monday, June 5th will be paid a dividend of $0.189 per share. The ex-dividend date is Thursday, June 1st. This is a positive change from Orion Engineered Carbons SA’s previous dividend of $0.18. Orion Engineered Carbons SA’s dividend payout ratio is currently 134.62%.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Orion Engineered Carbons SA from a “strong-buy” rating to a “buy” rating in a research report on Friday. Berenberg Bank assumed coverage on shares of Orion Engineered Carbons SA in a research report on Tuesday, May 16th. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research upgraded shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Finally, Goldman Sachs Group Inc assumed coverage on shares of Orion Engineered Carbons SA in a research report on Thursday, May 11th. They set a “neutral” rating and a $21.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.20.

About Orion Engineered Carbons SA

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OEC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding OEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion Engineered Carbons SA (NYSE:OEC).

Related posts

Leave a Comment