AlphaQuest LLC Acquires 15,535 Shares of Olin Co. (NYSE:OLN)

AlphaQuest LLC raised its holdings in shares of Olin Co. (NYSE:OLN - Free Report) by 382.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,593 shares of the specialty chemicals company's stock after purchasing an additional 15,535 shares during the quarter. AlphaQuest LLC's holdings in Olin were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its position in Olin by 34.3% during the fourth quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company's stock valued at $98,000 after purchasing an additional 738 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Olin by 55.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 143,062 shares of the specialty chemicals company's stock valued at $4,835,000 after purchasing an additional 51,051 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Olin during the third quarter valued at $916,000. Charles Schwab Investment Management Inc. lifted its position in Olin by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,295,699 shares of the specialty chemicals company's stock valued at $62,168,000 after purchasing an additional 37,043 shares during the last quarter. Finally, KBC Group NV lifted its position in Olin by 82.9% during the fourth quarter. KBC Group NV now owns 5,461 shares of the specialty chemicals company's stock valued at $185,000 after purchasing an additional 2,476 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Olin Trading Up 2.5 %

OLN stock opened at $24.67 on Wednesday. The company has a market capitalization of $2.85 billion, a PE ratio of 27.42 and a beta of 1.61. Olin Co. has a 12 month low of $22.98 and a 12 month high of $60.60. The firm's 50-day moving average is $29.38 and its 200 day moving average is $37.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 0.77.

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Olin (NYSE:OLN - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.10. Olin had a net margin of 1.66% and a return on equity of 5.10%. On average, research analysts anticipate that Olin Co. will post 1.38 EPS for the current year.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 6th. Olin's dividend payout ratio (DPR) is 88.89%.

Olin declared that its board has approved a share repurchase plan on Thursday, December 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to buy up to 45% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have commented on OLN. KeyCorp lowered their price objective on shares of Olin from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Barclays restated an "equal weight" rating on shares of Olin in a report on Monday, February 3rd. Wells Fargo & Company restated an "equal weight" rating on shares of Olin in a report on Monday, February 3rd. Morgan Stanley lowered their target price on shares of Olin from $31.00 to $28.00 and set an "underweight" rating for the company in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered shares of Olin from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $28.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.38.

Insider Buying and Selling at Olin

In other Olin news, CEO Kenneth Todd Lane bought 7,250 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $28.06 per share, with a total value of $203,435.00. Following the transaction, the chief executive officer now owns 7,250 shares of the company's stock, valued at approximately $203,435. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.

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