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Carlos Quinones, the Senior Vice President of Global Operations at Orion S.A. (NYSE:OEC), recently increased his stake in the company. According to a recent SEC filing, Quinones purchased 3,300 common shares on March 12, 2025, at a price of $13.07 per share, totaling approximately $43,131. The purchase comes as the stock trades near its 52-week low of $12.51, with InvestingPro analysis indicating the stock is currently undervalued. This acquisition brings his total ownership to 79,702 shares. The transaction reflects Quinones’ continued investment in the company, as he maintains a direct ownership interest in the shares. This insider purchase aligns with broader company trends, as InvestingPro data shows management has been actively buying back shares, while analysts project net income growth for the coming year. For deeper insights into Orion’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Orion Engineered Carbons has made significant strides in its sustainability efforts by partnering with Contec S.A. to produce environmentally sustainable carbon black. This long-term supply agreement focuses on using tire pyrolysis oil from recycled tires to meet the growing demand from major tire and rubber product manufacturers. In financial developments, Mizuho (NYSE:MFG) Securities has adjusted its outlook on Orion, reducing the price target from $18.00 to $17.00 while maintaining a Neutral rating. This change is due to expectations that Orion’s adjusted EBITDA for the December quarter of 2024 will fall below prior guidance, with factors such as weaker Rubber volumes and foreign exchange headwinds impacting the forecast.
Jefferies also revised its price target for Orion, lowering it from $26.00 to $24.00, but retained a Buy rating. The adjustment follows Orion’s announcement of a slightly lower EBITDA forecast for 2024, citing challenges like foreign exchange issues and reduced demand trends. The company anticipates only modest growth in 2025, with continued pressure on specialty black orders due to soft demand in various sectors. Destocking activities in the tire markets are expected to persist into 2025, potentially affecting sales volumes. Despite these challenges, Jefferies analysts see potential value in Orion’s stock, albeit with moderated expectations for near-term earnings.
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