Renaissance Group LLC boosted its stake in Orion Engineered Carbons S.A (NYSE:OEC) by 10.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 22,760 shares of the specialty chemicals company’s stock after buying an additional 2,186 shares during the period. Renaissance Group LLC’s holdings in Orion Engineered Carbons S.A were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OEC. Neuberger Berman Group LLC boosted its stake in shares of Orion Engineered Carbons S.A by 41.2% in the first quarter. Neuberger Berman Group LLC now owns 285,072 shares of the specialty chemicals company’s stock valued at $5,844,000 after buying an additional 83,127 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Orion Engineered Carbons S.A by 29.3% in the first quarter. Victory Capital Management Inc. now owns 2,186,017 shares of the specialty chemicals company’s stock valued at $44,813,000 after buying an additional 494,753 shares during the period. Mckinley Capital Management LLC Delaware bought a new stake in Orion Engineered Carbons S.A during the first quarter valued at approximately $1,880,000. Oxford Asset Management bought a new stake in Orion Engineered Carbons S.A during the first quarter valued at approximately $1,681,000. Finally, Bahl & Gaynor Inc. boosted its stake in Orion Engineered Carbons S.A by 2.3% in the first quarter. Bahl & Gaynor Inc. now owns 59,160 shares of the specialty chemicals company’s stock valued at $1,213,000 after buying an additional 1,340 shares during the period. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

Orion Engineered Carbons S.A (NYSE OEC) opened at 21.40 on Wednesday. Orion Engineered Carbons S.A has a one year low of $17.15 and a one year high of $24.55. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.29 and a beta of 0.51. The company has a 50-day moving average of $21.41 and a 200 day moving average of $20.11.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.169 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, September 19th. Orion Engineered Carbons S.A’s dividend payout ratio (DPR) is presently 88.24%.

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Several research firms have recently commented on OEC. BidaskClub cut shares of Orion Engineered Carbons S.A from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) began coverage on shares of Orion Engineered Carbons S.A in a research note on Thursday, May 11th. They set a “neutral” rating and a $21.00 price target on the stock. 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 target on the stock in a research note on Tuesday, July 11th. Berenberg Bank reissued a “buy” rating and set a $26.00 price target on shares of Orion Engineered Carbons S.A in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co cut shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $23.00 in a research note on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Orion Engineered Carbons S.A presently has an average rating of “Buy” and an average 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.

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

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