Private Advisor Group LLC Decreases Holdings in Olin Co. (NYSE:OLN)

Private Advisor Group LLC lessened its stake in Olin Co. (NYSE:OLNFree Report) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,464 shares of the specialty chemicals company’s stock after selling 944 shares during the quarter. Private Advisor Group LLC’s holdings in Olin were worth $223,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Baystate Wealth Management LLC grew its stake in shares of Olin by 154.6% during the 3rd quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Olin during the 1st quarter valued at approximately $26,000. Quarry LP grew its stake in shares of Olin by 508.6% during the 1st quarter. Quarry LP now owns 706 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 590 shares during the period. Huntington National Bank grew its stake in shares of Olin by 50,000.0% during the 2nd quarter. Huntington National Bank now owns 1,002 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 1,000 shares during the period. Finally, Money Concepts Capital Corp grew its stake in shares of Olin by 74.5% during the 4th quarter. Money Concepts Capital Corp now owns 991 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Insider Transactions at Olin

In other news, VP Valerie A. Peters sold 71,800 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total transaction of $3,770,936.00. Following the transaction, the vice president now owns 19,469 shares of the company’s stock, valued at approximately $1,022,511.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total transaction of $3,770,936.00. Following the sale, the vice president now owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd A. Slater sold 63,250 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total value of $3,424,987.50. Following the sale, the chief financial officer now directly owns 137,517 shares in the company, valued at approximately $7,446,545.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 674,378 shares of company stock valued at $36,298,062. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OLN shares. Morgan Stanley cut their price objective on Olin from $50.00 to $38.00 and set an “underweight” rating for the company in a research note on Monday, October 30th. KeyCorp upped their price target on Olin from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. UBS Group upped their price objective on Olin from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Royal Bank of Canada upped their price objective on Olin from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Barclays increased their price target on Olin from $49.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.27.

Check Out Our Latest Research Report on OLN

Olin Price Performance

OLN opened at $50.79 on Thursday. Olin Co. has a 12-month low of $41.71 and a 12-month high of $63.06. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $51.82 and its 200-day simple moving average is $50.89. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.27 and a beta of 1.44.

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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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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