Aquatic Capital Management LLC Acquires 141,539 Shares of Olin Co. (NYSE:OLN)

Aquatic Capital Management LLC lifted its holdings in shares of Olin Co. (NYSE:OLN - Free Report) by 70,769.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,739 shares of the specialty chemicals company's stock after buying an additional 141,539 shares during the quarter. Aquatic Capital Management LLC owned about 0.12% of Olin worth $4,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Olin by 5,746.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,613,796 shares of the specialty chemicals company's stock valued at $54,546,000 after acquiring an additional 1,586,192 shares during the period. Norges Bank acquired a new stake in shares of Olin in the fourth quarter valued at approximately $47,887,000. Fuller & Thaler Asset Management Inc. lifted its position in Olin by 11.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,543,844 shares of the specialty chemicals company's stock worth $153,582,000 after buying an additional 467,680 shares in the last quarter. Marshall Wace LLP increased its position in shares of Olin by 1,960.7% during the 4th quarter. Marshall Wace LLP now owns 344,962 shares of the specialty chemicals company's stock worth $11,660,000 after purchasing an additional 328,222 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position in shares of Olin by 7.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,709,611 shares of the specialty chemicals company's stock valued at $125,385,000 after acquiring an additional 256,903 shares during the period. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on OLN. KeyCorp cut their price target on Olin from $40.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Mizuho set a $23.00 price objective on Olin in a report on Tuesday, April 15th. Morgan Stanley dropped their price target on Olin from $31.00 to $28.00 and set an "underweight" rating for the company in a report on Tuesday, February 4th. Piper Sandler decreased their price objective on Olin from $33.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Citigroup reduced their target price on shares of Olin from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.25.

Insiders Place Their Bets

In related news, CEO Kenneth Todd Lane acquired 7,250 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost of $28.06 per share, with a total value of $203,435.00. Following the completion of the purchase, the chief executive officer now directly owns 7,250 shares in the company, valued at $203,435. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

Olin Trading Down 1.1 %

Shares of OLN stock opened at $21.99 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. Olin Co. has a fifty-two week low of $17.66 and a fifty-two week high of $57.10. The company has a market cap of $2.53 billion, a PE ratio of 24.43 and a beta of 1.50. The stock's fifty day moving average price is $23.37 and its two-hundred day moving average price is $32.36.

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

Olin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, March 6th. Olin's dividend payout ratio is currently 88.89%.

Olin 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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