Shares of Orion Engineered Carbons S.A (NYSE:OEC) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $23.00.

OEC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Orion Engineered Carbons S.A from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. KeyCorp lifted their target price on shares of Orion Engineered Carbons S.A from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 16th. TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a report on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, July 14th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rovida Advisors Inc. boosted its holdings in Orion Engineered Carbons S.A by 4.1% in the 2nd quarter. Rovida Advisors Inc. now owns 2,810,000 shares of the specialty chemicals company’s stock valued at $55,919,000 after purchasing an additional 110,000 shares during the period. Victory Capital Management Inc. boosted its holdings in Orion Engineered Carbons S.A by 9.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,694,304 shares of the specialty chemicals company’s stock valued at $60,487,000 after purchasing an additional 243,357 shares during the period. Renaissance Technologies LLC boosted its holdings in Orion Engineered Carbons S.A by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,254,612 shares of the specialty chemicals company’s stock valued at $25,030,000 after purchasing an additional 10,712 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its holdings in Orion Engineered Carbons S.A by 10.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 899,074 shares of the specialty chemicals company’s stock valued at $17,937,000 after purchasing an additional 87,728 shares during the period. Finally, Bowen Hanes & Co. Inc. boosted its holdings in Orion Engineered Carbons S.A by 145.7% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 658,605 shares of the specialty chemicals company’s stock valued at $13,139,000 after purchasing an additional 390,500 shares during the period. 37.49% of the stock is owned by hedge funds and other institutional investors.

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Orion Engineered Carbons S.A Company Profile

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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