AE Wealth Management LLC Invests $774,000 in Orion Engineered Carbons SA (NYSE:OEC)

AE Wealth Management LLC purchased a new position in Orion Engineered Carbons SA (NYSE:OEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,110 shares of the specialty chemicals company’s stock, valued at approximately $774,000. AE Wealth Management LLC owned 0.07% of Orion Engineered Carbons as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in OEC. Bank of Montreal Can increased its holdings in shares of Orion Engineered Carbons by 255.7% in the second quarter. Bank of Montreal Can now owns 6,918 shares of the specialty chemicals company’s stock worth $148,000 after purchasing an additional 4,973 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Orion Engineered Carbons in the second quarter worth $2,655,000. Northern Trust Corp increased its holdings in shares of Orion Engineered Carbons by 78.2% in the second quarter. Northern Trust Corp now owns 110,081 shares of the specialty chemicals company’s stock worth $2,358,000 after purchasing an additional 48,324 shares during the period. BlackRock Inc. increased its holdings in shares of Orion Engineered Carbons by 136,236.1% in the second quarter. BlackRock Inc. now owns 2,789,437 shares of the specialty chemicals company’s stock worth $59,722,000 after purchasing an additional 2,787,391 shares during the period. Finally, A.R.T. Advisors LLC increased its holdings in shares of Orion Engineered Carbons by 96.9% in the second quarter. A.R.T. Advisors LLC now owns 28,239 shares of the specialty chemicals company’s stock worth $605,000 after purchasing an additional 13,900 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

OEC has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Orion Engineered Carbons from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, ValuEngine cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.50.

Orion Engineered Carbons stock opened at $18.16 on Tuesday. The stock has a market cap of $1.08 billion, a P/E ratio of 12.70, a PEG ratio of 1.02 and a beta of 1.33. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.24 and a current ratio of 1.83. Orion Engineered Carbons SA has a fifty-two week low of $12.10 and a fifty-two week high of $28.51. The firm’s fifty day moving average price is $19.12 and its 200-day moving average price is $17.33.

Orion Engineered Carbons (NYSE:OEC) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $370.20 million for the quarter, compared to analysts’ expectations of $405.34 million. Orion Engineered Carbons had a return on equity of 68.78% and a net margin of 5.74%. Sell-side analysts predict that Orion Engineered Carbons SA will post 1.82 earnings per share for the current year.

In related news, insider Stinson Terry 1,672,621 shares of Orion Engineered Carbons stock in a transaction that occurred on Monday, November 18th.

About Orion Engineered Carbons

Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.

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

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