Olin Co. (NYSE:OLN) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in shares of Olin Co. (NYSE:OLN - Free Report) by 84.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,793 shares of the specialty chemicals company's stock after selling 14,625 shares during the quarter. Hantz Financial Services Inc.'s holdings in Olin were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OLN. Hotchkis & Wiley Capital Management LLC lifted its position in Olin by 6.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,838,988 shares of the specialty chemicals company's stock worth $424,095,000 after buying an additional 531,330 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Olin by 24.8% in the 3rd quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company's stock worth $165,661,000 after acquiring an additional 685,710 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Olin by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,295,699 shares of the specialty chemicals company's stock worth $62,168,000 after purchasing an additional 37,043 shares during the period. Franklin Resources Inc. raised its position in Olin by 19.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,073,087 shares of the specialty chemicals company's stock worth $51,015,000 after purchasing an additional 172,768 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Olin by 2.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,061,001 shares of the specialty chemicals company's stock worth $50,907,000 after purchasing an additional 25,163 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Olin Stock Down 3.8 %

OLN stock traded down $1.06 during trading on Wednesday, reaching $26.67. 2,845,790 shares of the company traded hands, compared to its average volume of 1,725,408. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. The business has a 50 day simple moving average of $34.92 and a 200 day simple moving average of $40.73. Olin Co. has a 12 month low of $26.48 and a 12 month high of $60.60. 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 (NYSE:OLN - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.10. Olin had a return on equity of 5.10% and a net margin of 1.66%. On average, equities research analysts anticipate that Olin Co. will post 2.47 earnings per share for the current fiscal year.

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

Insider Transactions at Olin

In other news, VP R Nichole Sumner sold 10,500 shares of Olin stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $43.75, for a total transaction of $459,375.00. Following the completion of the transaction, the vice president now directly owns 24,056 shares of the company's stock, valued at $1,052,450. The trade was a 30.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

OLN has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on Olin from $40.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday. Morgan Stanley decreased their target price on Olin from $31.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday. Truist Financial lowered their target price on shares of Olin from $38.00 to $32.00 and set a "hold" rating for the company in a research note on Monday. Barclays reduced their price target on shares of Olin from $43.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Bank of America upgraded shares of Olin from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $48.00 to $40.00 in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $40.94.

About Olin

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.