Parametric Portfolio Associates LLC purchased a new stake in Orion Engineered Carbons S.A (NYSE:OEC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,688 shares of the specialty chemicals company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Palisade Capital Management LLC NJ acquired a new position in shares of Orion Engineered Carbons S.A during the first quarter valued at about $564,000. Advisors Asset Management Inc. raised its position in shares of Orion Engineered Carbons S.A by 83.0% in the first quarter. Advisors Asset Management Inc. now owns 40,997 shares of the specialty chemicals company’s stock valued at $840,000 after buying an additional 18,599 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Orion Engineered Carbons S.A by 101.3% in the first quarter. Bank of New York Mellon Corp now owns 54,639 shares of the specialty chemicals company’s stock valued at $1,120,000 after buying an additional 27,500 shares during the last quarter. Sit Investment Associates Inc. raised its position in shares of Orion Engineered Carbons S.A by 515.6% in the first quarter. Sit Investment Associates Inc. now owns 53,407 shares of the specialty chemicals company’s stock valued at $1,095,000 after buying an additional 44,732 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Orion Engineered Carbons S.A by 28.2% in the first quarter. Acadian Asset Management LLC now owns 218,699 shares of the specialty chemicals company’s stock valued at $4,482,000 after buying an additional 48,168 shares during the last quarter. Institutional investors own 39.11% of the company’s stock.

Shares of Orion Engineered Carbons S.A (NYSE OEC) opened at 21.35 on Monday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 23.51 and a beta of 0.51. The company’s 50-day moving average is $20.71 and its 200 day moving average is $20.07. Orion Engineered Carbons S.A has a 12 month low of $16.02 and a 12 month high of $24.55.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be issued a $0.169 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. Orion Engineered Carbons S.A’s dividend payout ratio is presently 88.24%.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Purchases New Position in Orion Engineered Carbons S.A (OEC)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/07/parametric-portfolio-associates-llc-purchases-new-position-in-orion-engineered-carbons-s-a-oec.html.

OEC has been the subject of several research reports. Zacks Investment Research upgraded shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Orion Engineered Carbons S.A in a research report on Thursday, May 11th. They set a “neutral” rating and a $21.00 price objective on the stock. BidaskClub raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine downgraded shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $22.60.

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.

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 S.A (NYSE:OEC).

Institutional Ownership by Quarter for Orion Engineered Carbons S.A (NYSE:OEC)

Receive News & Stock Ratings for Orion Engineered Carbons S.A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons S.A and related stocks with our FREE daily email newsletter.