Olin Corporation $OLN Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in shares of Olin Corporation (NYSE:OLN - Free Report) by 52.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,288,202 shares of the specialty chemicals company's stock after acquiring an additional 443,210 shares during the quarter. AQR Capital Management LLC owned approximately 1.12% of Olin worth $31,226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Olin in the 1st quarter worth approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Olin by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 1,206 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 743 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Olin during the first quarter worth about $206,000. Sequoia Financial Advisors LLC bought a new position in shares of Olin in the first quarter worth approximately $247,000. Finally, GAMMA Investing LLC raised its stake in Olin by 2,268.4% in the first quarter. GAMMA Investing LLC now owns 26,834 shares of the specialty chemicals company's stock valued at $650,000 after purchasing an additional 25,701 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Olin Stock Performance

Shares of Olin stock traded down $0.34 during trading on Friday, reaching $26.59. The company's stock had a trading volume of 595,473 shares, compared to its average volume of 2,111,769. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The firm has a market cap of $3.05 billion, a PE ratio of -221.24 and a beta of 1.61. Olin Corporation has a fifty-two week low of $17.66 and a fifty-two week high of $49.60. The company has a 50-day moving average price of $21.70 and a two-hundred day moving average price of $21.77.

Olin (NYSE:OLN - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The specialty chemicals company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Olin had a negative net margin of 0.21% and a negative return on equity of 0.13%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that Olin Corporation will post 1.38 EPS for the current year.

Olin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Thursday, August 28th will be issued a $0.20 dividend. The ex-dividend date is Thursday, August 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. Olin's dividend payout ratio is currently -666.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OLN. Wall Street Zen raised Olin from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. KeyCorp reduced their price target on shares of Olin from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Mizuho lowered their price objective on shares of Olin from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Wells Fargo & Company cut their price objective on shares of Olin from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. Finally, Barclays reduced their target price on shares of Olin from $28.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.57.

Insider Buying and Selling at Olin

In other Olin news, VP Teresa M. Vermillion sold 6,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $21.11, for a total value of $126,660.00. Following the sale, the vice president owned 17,199 shares of the company's stock, valued at approximately $363,070.89. This represents a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.