Zimmer Partners LP raised its stake in Orion Engineered Carbons SA (NYSE:OEC) by 509.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,275,000 shares of the specialty chemicals company’s stock after acquiring an additional 1,901,424 shares during the quarter. Orion Engineered Carbons makes up approximately 1.4% of Zimmer Partners LP’s investment portfolio, making the stock its 24th largest position. Zimmer Partners LP owned approximately 3.84% of Orion Engineered Carbons worth $58,240,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Zions Bancorporation acquired a new position in Orion Engineered Carbons in the third quarter valued at approximately $113,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Orion Engineered Carbons during the 3rd quarter worth approximately $276,000. Rovida Advisors Inc. raised its stake in shares of Orion Engineered Carbons by 25.1% during the 4th quarter. Rovida Advisors Inc. now owns 3,515,059 shares of the specialty chemicals company’s stock worth $89,986,000 after buying an additional 705,059 shares during the period. OxFORD Asset Management LLP raised its stake in shares of Orion Engineered Carbons by 27.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 135,271 shares of the specialty chemicals company’s stock worth $3,003,000 after buying an additional 29,136 shares during the period. Finally, Boston Partners raised its stake in shares of Orion Engineered Carbons by 566.9% during the 3rd quarter. Boston Partners now owns 310,735 shares of the specialty chemicals company’s stock worth $6,976,000 after buying an additional 264,141 shares during the period. 85.57% of the stock is owned by institutional investors.
Shares of Orion Engineered Carbons SA (OEC) opened at $28.70 on Wednesday. The company has a debt-to-equity ratio of 6.82, a quick ratio of 1.27 and a current ratio of 1.83. Orion Engineered Carbons SA has a 12-month low of $17.15 and a 12-month high of $30.25. The company has a market capitalization of $1,702.58, a P/E ratio of 22.88 and a beta of 0.75.
OEC has been the subject of several research analyst reports. Jefferies Group initiated coverage on Orion Engineered Carbons in a research note on Monday, January 22nd. They set a “buy” rating for the company. Zacks Investment Research raised Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $33.00 target price (up from $29.00) on shares of Orion Engineered Carbons in a research note on Monday, February 26th. UBS Group reaffirmed a “neutral” rating and set a $29.00 target price (up from $23.00) on shares of Orion Engineered Carbons in a research note on Friday, February 23rd. Finally, Northcoast Research set a $35.00 target price on Orion Engineered Carbons and gave the stock a “buy” rating in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Orion Engineered Carbons has an average rating of “Buy” and a consensus target price of $28.75.
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.
Receive News & Ratings for Orion Engineered Carbons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons and related companies with MarketBeat.com's FREE daily email newsletter.