UBS Asset Management Americas Inc. cut its holdings in shares of Olin Co. (NYSE:OLN) by 84.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,045 shares of the specialty chemicals company’s stock after selling 977,221 shares during the period. UBS Asset Management Americas Inc.’s holdings in Olin were worth $6,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Olin by 971.4% during the fourth quarter. Bessemer Group Inc. now owns 4,725 shares of the specialty chemicals company’s stock worth $168,000 after buying an additional 4,284 shares during the period. Naples Global Advisors LLC acquired a new position in shares of Olin during the fourth quarter worth approximately $206,000. Fox Run Management L.L.C. acquired a new position in shares of Olin during the fourth quarter worth approximately $210,000. Neuberger Berman Group LLC acquired a new position in shares of Olin during the third quarter worth approximately $216,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Olin in the third quarter worth approximately $239,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

In related news, Director Randall W. Larrimore acquired 800 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $31.28 per share, for a total transaction of $25,024.00. Following the transaction, the director now owns 6,500 shares of the company’s stock, valued at $203,320. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen C. Curley sold 6,250 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $33.00, for a total value of $206,250.00. Following the sale, the insider now owns 25,837 shares of the company’s stock, valued at approximately $852,621. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

OLN has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $42.00 target price on shares of Olin in a research report on Thursday, December 14th. Morgan Stanley initiated coverage on Olin in a research report on Tuesday, January 9th. They issued an “overweight” rating and a $45.00 target price for the company. Vertical Research upgraded Olin from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Olin from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Friday, January 12th. Finally, Citigroup set a $40.00 target price on Olin and gave the stock a “buy” rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Olin has a consensus rating of “Buy” and an average target price of $39.45.

Shares of Olin Co. (NYSE:OLN) opened at $33.01 on Friday. Olin Co. has a 52-week low of $27.79 and a 52-week high of $38.84. The company has a market capitalization of $5,518.15, a price-to-earnings ratio of 38.84, a PEG ratio of 1.13 and a beta of 1.43. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.07 and a current ratio of 1.78.

Olin (NYSE:OLN) last announced its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $2.45. Olin had a return on equity of 6.02% and a net margin of 8.77%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Olin Co. will post 2.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. Olin’s dividend payout ratio (DPR) is presently 24.69%.

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About Olin

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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