Orion (OEC)

• Market cap: $880M
• 1 day: -0.40%
• 5 days: 4.86%
• 1 month: -0.85%
• 3 months: -16.17%
• 6 months: -15.37%
• Year to date: -1.18%
• 1 year: -36.30%
• 5 years: -14.46%
• 10 years: -9.86%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

596% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $1.51M

17% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 7 (+1) [Q4]

1.78% more ownership

Funds ownership: 92.16% [Q3] → 93.95% (+1.78%) [Q4]

8% less funds holding

Funds holding: 197 [Q3] → 181 (-16) [Q4]

11% less capital invested

Capital invested by funds: $957M [Q3] → $856M (-$101M) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 72

33% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 33

Research analyst outlook

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

• Low target: $18 19% upside
• Avg. target: $20 33% upside
• High target: $22 46% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

JP Morgan Jeffrey Zekauskas 40% 1-year accuracy 19 / 47 met price target	19% upside $18	Overweight Maintained	21 Feb 2025
UBS Joshua Spector 45% 1-year accuracy 17 / 38 met price target	46% upside $22	Buy Maintained	20 Feb 2025