BlackRock Fund Advisors recently announced the acquisition of new stake in Orion S.A (NYSE:OEC). The institutional investor has increased its shareholding in the Basic Materials company by 2.19% to 3.48 million shares with purchase of 74532.0 shares. This fresh investment now brings its stake to 5.99% valued currently at $82.91 million. In addition, Pzena Investment Management LLC raised its holdings by 0.17 million to 3.28 million shares. And Dimensional Fund Advisors LP has lifted its position by 10.54% or 0.16 million shares – to 1.65 million shares.
With over 0.46 million Orion S.A (OEC) shares trading Friday and a closing price of $27.97 on the day, the dollar volume was approximately $12.91 million. The shares have shown a positive half year performance of 33.51% and its price on 12/22/23 gained nearly 2.64%. Currently, there are 60.57M common shares owned by the public and among those 56.16M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for OEC have a consensus price objective of $32.60. The analysts have set the share’s price value over the next 12 months at a high of $40.00 and a low of $21.00. The average price target is 14.2% above its recent price level and a downside to the estimated low will see the stock lose -33.19% over that period. But an upside of 30.08% will see the stock hit the forecast high price target while median target price for the stock is $34.00.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 210,049 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 23,238 shares.
The top 3 mutual fund holders in Orion S.A are T Rowe Price Small Cap Value Fund, iShares Russell 2000 ETF, and Fidelity Small Cap Growth Fund. T Rowe Price Small Cap Value Fund owns 1.75 million shares of the company’s stock, all valued at over $41.76 million. The company sold 53800.0 shares recently to bring their total holdings to about 3.02% of the shares outstanding. iShares Russell 2000 ETF bought 666.0 shares to see its total holdings expand to 1.36 million shares valued at over $32.32 million and representing 2.34% of the shares outstanding. Fidelity Small Cap Growth Fund now owns shares totaling to 1.81% of the shares outstanding.
Shares of Orion S.A (NYSE: OEC) opened at $27.41, up $0.16 from a prior closing price of $27.25. However, the script later moved the day high at 28.09, up 2.64%. The company’s stock has a 5-day price change of 6.63% and 29.79% over the past three months. OEC shares are trading 57.05% year to date (YTD), with the 12-month market performance up to 57.58% higher. It has a 12-month low price of $17.03 and touched a high of $27.26 over the same period. OEC has an average intraday trading volume of 327.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.17%, 22.69%, and 21.68% respectively.
Institutional ownership of Orion S.A (NYSE: OEC) shares accounts for 92.16% of the company’s 60.57M shares outstanding. Mutual fund holders own 55.90%, while other institutional holders and individual stakeholders account for 8.24% and 36.25% respectively.
It has a market capitalization of $1.62B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 15.16, while the earnings-per-share (ttm) stands at $1.85. The company has a PEG of 0.84 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 1.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 2.76% over the month.
Analysts forecast that Orion S.A (OEC) will achieve an EPS of $Ecopetrol S.A. for the current quarter, $11.94 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Orchid Island Capital, Inc. while analysts give the company a high EPS estimate of $WEC Energy Group, Inc.. Comparatively, EPS for the current quarter was $Owens Corning Inc a year ago. Earnings per share for the fiscal year are expected to increase by 8.12%, and 24.41% over the next financial year. EPS should grow at an annualized rate of 18.02% over the next five years, compared to 9.61% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Orion S.A (OEC) as a “Strong Buy” at a consensus score of 1.40. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OEC, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 14, 2023, with the firm’s price target at $26.
