DSAM Partners London Ltd Takes $2.89 Million Position in Orion Engineered Carbons SA (NYSE:OEC)

DSAM Partners London Ltd bought a new position in Orion Engineered Carbons SA (NYSE:OEC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 112,787 shares of the specialty chemicals company’s stock, valued at approximately $2,887,000. DSAM Partners London Ltd owned 0.19% of Orion Engineered Carbons as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OEC. Bank of New York Mellon Corp increased its position in shares of Orion Engineered Carbons by 35.5% in the second quarter. Bank of New York Mellon Corp now owns 74,020 shares of the specialty chemicals company’s stock valued at $1,477,000 after acquiring an additional 19,381 shares during the period. JPMorgan Chase & Co. increased its position in shares of Orion Engineered Carbons by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 80,802 shares of the specialty chemicals company’s stock valued at $1,612,000 after buying an additional 10,364 shares during the period. GSA Capital Partners LLP increased its position in shares of Orion Engineered Carbons by 48.4% during the second quarter. GSA Capital Partners LLP now owns 27,489 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 8,970 shares during the period. Northern Trust Corp increased its position in shares of Orion Engineered Carbons by 15.7% during the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,594 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Orion Engineered Carbons by 9.8% during the second quarter. Parametric Portfolio Associates LLC now owns 11,734 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,046 shares during the period. Institutional investors own 57.26% of the company’s stock.

OEC has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research report on Monday, November 6th. UBS Group boosted their price target on shares of Orion Engineered Carbons from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and set a $26.00 price target on shares of Orion Engineered Carbons in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Jefferies Group started coverage on shares of Orion Engineered Carbons in a research note on Monday, January 22nd. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.71.

Orion Engineered Carbons SA (OEC) opened at $28.20 on Wednesday. The stock has a market cap of $1,666.90, a P/E ratio of 17.56 and a beta of 0.69. Orion Engineered Carbons SA has a 52 week low of $17.15 and a 52 week high of $30.25. The company has a quick ratio of 1.47, a current ratio of 2.08 and a debt-to-equity ratio of 8.95.

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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.

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

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