Aquatic Capital Management LLC Increases Holdings in Olin Co. (NYSE:OLN)

Aquatic Capital Management LLC increased 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 filing with the Securities & Exchange Commission. The fund 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 0.12% of Olin worth $4,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its position in Olin by 11.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,543,844 shares of the specialty chemicals company's stock valued at $153,582,000 after purchasing an additional 467,680 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Olin by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,976,869 shares of the specialty chemicals company's stock valued at $134,413,000 after purchasing an additional 178,145 shares during the last quarter. Pzena Investment Management LLC raised its position in Olin by 7.4% in the fourth quarter. Pzena Investment Management LLC now owns 3,709,611 shares of the specialty chemicals company's stock valued at $125,385,000 after purchasing an additional 256,903 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Olin by 5,746.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,613,796 shares of the specialty chemicals company's stock valued at $54,546,000 after purchasing an additional 1,586,192 shares during the last quarter. Finally, Norges Bank bought a new position in Olin in the fourth quarter valued at about $47,887,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OLN has been the subject of several research reports. Truist Financial dropped their target price on Olin from $32.00 to $25.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Bank of America upgraded Olin from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $48.00 to $40.00 in a research report on Tuesday, January 14th. Citigroup lowered their price objective on Olin from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Mizuho set a $23.00 price objective on Olin in a research report on Tuesday, April 15th. Finally, BMO Capital Markets lowered their price objective on Olin from $44.00 to $34.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.87.

Olin Stock Up 0.4 %

Shares of NYSE OLN traded up $0.08 during midday trading on Thursday, hitting $21.70. 2,369,419 shares of the stock traded hands, compared to its average volume of 1,553,340. The company has a market cap of $2.50 billion, a PE ratio of 24.11 and a beta of 1.50. Olin Co. has a one year low of $17.66 and a one year high of $57.10. The business has a 50 day moving average price of $23.04 and a two-hundred day moving average price of $32.04. 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 released 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 analysts predict that Olin Co. will post 1.38 EPS for the current year.

Olin Dividend Announcement

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. The ex-dividend date was Thursday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 3.69%. Olin's payout ratio is 88.89%.

Insider Activity at Olin

In related news, CEO Kenneth Todd Lane bought 7,250 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $28.06 per share, with a total value of $203,435.00. Following the completion of the transaction, the chief executive officer now directly owns 7,250 shares in the company, valued at approximately $203,435. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

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.