Sensato Investors LLC purchased a new position in Orion Engineered Carbons SA (NYSE:OEC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 102,600 shares of the specialty chemicals company’s stock, valued at approximately $2,627,000. Sensato Investors LLC owned 0.17% of Orion Engineered Carbons as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation bought a new position in shares of Orion Engineered Carbons in the third quarter worth $113,000. Dynamic Technology Lab Private Ltd bought a new position in Orion Engineered Carbons in the third quarter valued at about $276,000. Rovida Advisors Inc. grew its position in Orion Engineered Carbons by 25.1% in the fourth quarter. Rovida Advisors Inc. now owns 3,515,059 shares of the specialty chemicals company’s stock valued at $89,986,000 after acquiring an additional 705,059 shares during the last quarter. OxFORD Asset Management LLP grew its position in Orion Engineered Carbons by 27.5% in the third quarter. OxFORD Asset Management LLP now owns 135,271 shares of the specialty chemicals company’s stock valued at $3,003,000 after acquiring an additional 29,136 shares during the last quarter. Finally, Boston Partners grew its position in Orion Engineered Carbons by 566.9% in the third quarter. Boston Partners now owns 310,735 shares of the specialty chemicals company’s stock valued at $6,976,000 after acquiring an additional 264,141 shares during the last quarter. Institutional investors own 85.57% of the company’s stock.
OEC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group initiated coverage on Orion Engineered Carbons in a report on Monday, January 22nd. They set a “buy” rating on the stock. UBS Group restated a “neutral” rating and set a $29.00 price target (up from $23.00) on shares of Orion Engineered Carbons in a report on Friday, February 23rd. KeyCorp restated a “buy” rating and set a $33.00 price target (up from $29.00) on shares of Orion Engineered Carbons in a report on Monday, February 26th. Finally, Northcoast Research set a $35.00 price target on Orion Engineered Carbons and gave the stock a “buy” rating in a report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.75.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 30th. Stockholders of record on Wednesday, June 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, June 19th. Orion Engineered Carbons’s dividend payout ratio (DPR) is currently 64.00%.
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Orion Engineered Carbons 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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