Orion (OEC)

• Market cap: $897M
• 1 day: 0.26%
• 5 days: -10.28%
• 1 month: -11.65%
• 3 months: -6.67%
• 6 months: -31.21%
• Year to date: -42.04%
• 1 year: -41.93%
• 5 years: -21.16%
• 10 years: -7.22%
• Sector: Materials
• Industry: Miscellaneous Chemical Products

About: Orion SA is a manufacturer of carbon black products. Carbon black is a powdered form of carbon used to create the desired physical, electrical and optical qualities of various materials. The company's operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of its revenue from Germany.

Employees: 1,650

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

175% more call options, than puts

Call options by funds: $10.1M | Put options by funds: $3.67M

60% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 55

10% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 30

2% more funds holding

Funds holding: 194 [Q2] → 197 (+3) [Q3]

2.6% less ownership

Funds ownership: 93.73% [Q2] → 91.12% (-2.6%) [Q3]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 6 (-1) [Q3]

21% less capital invested

Capital invested by funds: $1.2B [Q2] → $946M (-$252M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $21 35% upside
• Avg. target: $21 35% upside
• High target: $21 35% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

JP Morgan Jeffrey Zekauskas 37% 1-year accuracy 16 / 43 met price target

35% upside $21

Overweight Upgraded

11 Nov 2024