UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Olin Co. (NYSE:OLN - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,425 shares of the specialty chemicals company's stock after acquiring an additional 29,919 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Olin worth $10,053,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in Olin by 37.7% during the third quarter. Barclays PLC now owns 125,913 shares of the specialty chemicals company's stock worth $6,042,000 after buying an additional 34,485 shares in the last quarter. Blue Trust Inc. lifted its stake in Olin by 34.3% during the 4th quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company's stock valued at $98,000 after acquiring an additional 738 shares in the last quarter. KBC Group NV boosted its holdings in Olin by 82.9% during the 4th quarter. KBC Group NV now owns 5,461 shares of the specialty chemicals company's stock worth $185,000 after acquiring an additional 2,476 shares during the last quarter. Crews Bank & Trust purchased a new position in Olin during the 4th quarter worth $153,000. Finally, Spire Wealth Management grew its stake in shares of Olin by 246.8% in the 4th quarter. Spire Wealth Management now owns 1,616 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 1,150 shares in the last quarter. 88.67% of the stock is owned by institutional investors.
Olin Stock Performance
Shares of Olin stock traded down $0.11 on Wednesday, hitting $20.12. 1,330,094 shares of the company's stock were exchanged, compared to its average volume of 1,642,205. Olin Co. has a 1 year low of $17.66 and a 1 year high of $52.17. The company has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $28.07. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. The stock has a market capitalization of $2.32 billion, a PE ratio of 22.36 and a beta of 1.54.
Olin (NYSE:OLN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Olin had a net margin of 1.66% and a return on equity of 5.10%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, equities analysts anticipate that Olin Co. will post 1.38 EPS for the current year.
Olin Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.98%. Olin's payout ratio is 156.86%.
Analyst Upgrades and Downgrades
OLN has been the topic of a number of recent analyst reports. Mizuho set a $23.00 price target on Olin in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Olin from $28.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. KeyCorp cut their price target on shares of Olin from $40.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their price target on shares of Olin from $28.00 to $20.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Olin from $19.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.80.
Get Our Latest Report on OLN
Olin Company Profile
(
Free Report)
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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