O Brien Greene & Co. Inc trimmed its position in Olin Corporation (NYSE:OLN – Free Report) by 73.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,000 shares of the specialty chemicals company’s stock after selling 43,600 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Olin were worth $333,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Olin by 5.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company’s stock worth $317,135,000 after buying an additional 661,730 shares in the last quarter. State Street Corp lifted its holdings in shares of Olin by 1.1% during the second quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company’s stock worth $97,043,000 after buying an additional 50,309 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Olin by 1,063.0% during the third quarter. Millennium Management LLC now owns 2,486,702 shares of the specialty chemicals company’s stock worth $62,143,000 after buying an additional 2,272,877 shares in the last quarter. Semper Augustus Investments Group LLC lifted its holdings in shares of Olin by 141.3% during the third quarter. Semper Augustus Investments Group LLC now owns 1,924,245 shares of the specialty chemicals company’s stock worth $48,087,000 after buying an additional 1,126,809 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Olin by 80.5% during the third quarter. AQR Capital Management LLC now owns 1,811,533 shares of the specialty chemicals company’s stock worth $44,564,000 after buying an additional 807,846 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
Olin Stock Performance
Olin stock opened at $26.78 on Friday. Olin Corporation has a 12-month low of $18.08 and a 12-month high of $30.46. The company has a quick ratio of 0.82, a current ratio of 1.36 and a debt-to-equity ratio of 1.73. The business’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $23.85. The stock has a market cap of $3.05 billion, a PE ratio of -23.91 and a beta of 1.21.
Olin Dividend Announcement
Wall Street Analyst Weigh In
OLN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.00 target price on shares of Olin in a report on Tuesday, February 10th. Morgan Stanley lifted their target price on Olin from $18.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Olin from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group lifted their target price on Olin from $22.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $30.00 target price on Olin and gave the stock a “sector perform” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.79.
Get Our Latest Research Report on Olin
Insider Buying and Selling at Olin
In other news, VP Angela M. Castle sold 2,379 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $24.25, for a total transaction of $57,690.75. Following the sale, the vice president directly owned 1,528 shares in the company, valued at approximately $37,054. The trade was a 60.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
Olin Company Profile
Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.
In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.
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