LPL Financial LLC Cuts Stake in Orion Engineered Carbons S.A.
June 15, 2023
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LPL Financial LLC recently announced that they have reduced their stock position in Orion Engineered Carbons ($NYSE:OEC) S.A, a specialty chemicals business. Orion Engineered Carbons S.A is a global producer of specialty and high-performance Carbon Black, a material used to enhance the properties of polymers, plastics, coatings, inks, and other applications. The company has manufacturing operations in Europe, North America, South America, and Asia Pacific.
LPL Financial LLC is a leading diversified financial services company that provides professional advisory, brokerage, and insurance services to individuals and institutional clients. The move to reduce their stock in Orion Engineered Carbons S.A makes it clear that LPL Financial LLC is looking to diversify its portfolio and reduce its exposure to the specialty chemicals market.
Stock Price
On Tuesday, LPL Financial LLC announced the selling of its stake in Orion Engineered Carbons S.A. This caused the stock to open at $24.8 and close at $24.0, down by 3.0% from its previous closing price of 24.7. Despite the steep decrease in stock prices, analysts remain optimistic that the company will continue to thrive in the near future. Looking forward, investors seem excited about the potential of Orion Engineered Carbons S.A, with some believing that the stock could still reach new heights in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OEC. More…
| Total Revenues | Net Income | Net Margin |
| 2.05k | 116 | 5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OEC. More…
| Operations | Investing | Financing |
| 216.9 | -214.5 | 35.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OEC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.89k | 1.43k | 7.76 |
Key Ratios Snapshot
Some of the financial key ratios for OEC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | 12.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 0.1% | 29.6% | 7.2% |
Analysis
GoodWhale has conducted an extensive analysis of ORION ENGINEERED CARBONS S.A’s financials and have concluded that the company is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. We believe that ORION ENGINEERED CARBONS S.A would be an attractive investment opportunity for value investors, income investors, or those who are looking for a reliable stock for diversifying their portfolios. Furthermore, ORION ENGINEERED CARBONS S.A has a health score of 6/10, indicating that it is likely to sustain future operations in times of crisis due to its strong cashflows and debt management. Additionally, the company is strong in asset, dividend and profitability and has an average score in growth. More…
Peers
These companies all seek to provide quality specialty carbon black products to their customers.
– Tinna Rubber & Infrastructure Ltd ($BSE:530475)
Tinna Rubber & Infrastructure Ltd is a leading player in the rubber and infrastructure industry. It is an India-based company that manufactures and supplies a wide range of rubber products and services. With a market cap of 3.8B as of 2023, Tinna Rubber & Infrastructure Ltd is one of the most prominent players in the industry. The company has been able to maintain a strong financial position by having an impressive Return on Equity (ROE) of 25.96%. This indicates the company’s ability to generate profits from its investments and its financial health. Tinna Rubber & Infrastructure Ltd has shown a consistent upward trend in its market cap and ROE, which speaks volumes about its financial stability and performance.
– Showa Rubber Co Ltd ($TSE:5103)
Showa Rubber Co Ltd is a Japanese company that produces and sells rubber products, including tires, hoses, and seals. The company has a market cap of 3.49 billion as of 2023, which is indicative of its size and market standing. It has a Return on Equity (ROE) of 2.89%, which suggests that the company is able to generate a reasonable amount of profits from its investments. Showa Rubber Co Ltd continues to be a major player in the rubber product industry.
– Rubfila International Ltd ($BSE:500367)
Rubfila International Ltd is an Indian-based pharmaceutical company that specializes in the development, production, and distribution of generic drugs. The company has a market cap of 4.27B as of 2023 and a Return on Equity (ROE) of 13.7%. This indicates that the company has been able to generate a high rate of return on its equity investments, which suggests that it is a profitable business and a good investment opportunity. The company also has a strong financial position and is well diversified in its portfolio. The company’s market cap and ROE indicate that it is a stable business, with a solid track record of performance.
Summary
Orion Engineered Carbons S.A. is a global producer and supplier of carbon black and other specialty carbon products. Recently, LPL Financial LLC reduced their stock position in the company, causing the stock price to drop. Investors should take note of this development, as it could signal a potential decline in the future value of Orion Engineered Carbons S.A. stock. To gain further insight into the stock, investors should conduct thorough research into the company’s financials, competitive landscape, and the overall performance of the industry.
Additionally, closely monitoring the performance of competitors such as Cabot Corporation and Tokai Carbon Co. Ltd can help to give investors a better understanding of Orion’s performance relative to its peers.
