Westfield Capital Management Co. LP trimmed its position in Orion Engineered Carbons SA (NYSE:OEC) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,281 shares of the specialty chemicals company’s stock after selling 12,399 shares during the period. Westfield Capital Management Co. LP’s holdings in Orion Engineered Carbons were worth $15,957,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Orion Engineered Carbons in the third quarter worth $310,000. Vanguard Group Inc bought a new stake in Orion Engineered Carbons in the third quarter worth $310,000. Advisors Asset Management Inc. lifted its stake in Orion Engineered Carbons by 4.6% in the fourth quarter. Advisors Asset Management Inc. now owns 81,695 shares of the specialty chemicals company’s stock worth $2,065,000 after purchasing an additional 3,613 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in Orion Engineered Carbons by 383.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 362,130 shares of the specialty chemicals company’s stock worth $9,155,000 after purchasing an additional 287,190 shares during the last quarter. Finally, Boston Partners lifted its stake in Orion Engineered Carbons by 2.1% in the fourth quarter. Boston Partners now owns 248,330 shares of the specialty chemicals company’s stock worth $6,278,000 after purchasing an additional 5,057 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Saturday, February 16th. JPMorgan Chase & Co. downgraded shares of Orion Engineered Carbons from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $31.00 to $20.00 in a research note on Monday, March 11th. ValuEngine downgraded shares of Orion Engineered Carbons from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Northcoast Research reissued a “buy” rating on shares of Orion Engineered Carbons in a research note on Tuesday, March 12th. Finally, Barclays set a $24.00 price target on shares of Orion Engineered Carbons and gave the stock 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.50.
Shares of NYSE:OEC opened at $19.74 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 9.58, a PEG ratio of 1.00 and a beta of 1.00. The company has a quick ratio of 1.27, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Orion Engineered Carbons SA has a 12 month low of $17.52 and a 12 month high of $36.55.
Orion Engineered Carbons (NYSE:OEC) last issued its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). The firm had revenue of $384.71 million for the quarter, compared to the consensus estimate of $412.14 million. Orion Engineered Carbons had a net margin of 7.47% and a return on equity of 82.03%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, equities analysts anticipate that Orion Engineered Carbons SA will post 1.97 earnings per share for the current year.
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Orion Engineered Carbons Company 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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