Ameriprise Financial Inc. lifted its stake in Orion Engineered Carbons S.A (NYSE:OEC) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,351,477 shares of the specialty chemicals company’s stock after buying an additional 49,806 shares during the period. Ameriprise Financial Inc. owned about 2.28% of Orion Engineered Carbons S.A worth $30,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OEC. Bank of America Corp DE raised its holdings in shares of Orion Engineered Carbons S.A by 120.3% in the 1st quarter. Bank of America Corp DE now owns 44,586 shares of the specialty chemicals company’s stock worth $915,000 after buying an additional 24,349 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Orion Engineered Carbons S.A in the 2nd quarter worth approximately $305,000. Palisade Capital Management LLC NJ increased its holdings in Orion Engineered Carbons S.A by 25.3% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 34,470 shares of the specialty chemicals company’s stock valued at $688,000 after purchasing an additional 6,965 shares in the last quarter. Boston Partners acquired a new stake in Orion Engineered Carbons S.A during the 2nd quarter valued at $930,000. Finally, Advisors Asset Management Inc. increased its holdings in Orion Engineered Carbons S.A by 14.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 47,042 shares of the specialty chemicals company’s stock valued at $938,000 after purchasing an additional 6,045 shares in the last quarter. 54.56% of the stock is owned by institutional investors and hedge funds.

OEC has been the subject of a number of recent analyst reports. UBS raised their price target on Orion Engineered Carbons S.A from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research cut Orion Engineered Carbons S.A from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. J P Morgan Chase & Co raised Orion Engineered Carbons S.A from a “neutral” rating to an “overweight” rating and set a $29.00 price target for the company in a report on Monday, November 6th. Barclays raised their price target on Orion Engineered Carbons S.A from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Finally, KeyCorp raised their price target on Orion Engineered Carbons S.A from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.71.

Orion Engineered Carbons S.A (NYSE OEC) traded down $0.85 during mid-day trading on Wednesday, reaching $23.10. The company had a trading volume of 4,452,900 shares, compared to its average volume of 316,624. The firm has a market cap of $1,420.72, a PE ratio of 14.97 and a beta of 0.54. Orion Engineered Carbons S.A has a 12-month low of $17.15 and a 12-month high of $25.45. The company has a debt-to-equity ratio of 8.95, a current ratio of 2.08 and a quick ratio of 1.47.

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Orion Engineered Carbons S.A 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 S.A (NYSE:OEC)

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