Barclays PLC Decreases Stock Position in Olin Co. (NYSE:OLN)

Barclays PLC trimmed its stake in shares of Olin Co. (NYSE:OLNFree Report) by 27.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 140,076 shares of the specialty chemicals company’s stock after selling 52,755 shares during the quarter. Barclays PLC’s holdings in Olin were worth $7,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OLN. HighTower Advisors LLC raised its stake in shares of Olin by 10.4% during the first quarter. HighTower Advisors LLC now owns 7,760 shares of the specialty chemicals company’s stock valued at $407,000 after acquiring an additional 728 shares during the last quarter. Private Advisor Group LLC purchased a new position in Olin during the 1st quarter valued at about $230,000. Acadian Asset Management LLC bought a new position in Olin during the 1st quarter valued at approximately $53,000. Great West Life Assurance Co. Can lifted its holdings in Olin by 8.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,375 shares of the specialty chemicals company’s stock worth $4,437,000 after buying an additional 6,589 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of Olin by 5.8% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 4,714 shares of the specialty chemicals company’s stock worth $246,000 after buying an additional 259 shares during the last quarter. Institutional investors own 85.69% of the company’s stock.

Wall Street Analyst Weigh In

OLN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Olin in a report on Thursday, December 7th. They set a “hold” rating and a $52.00 target price for the company. JPMorgan Chase & Co. cut shares of Olin from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $48.00 in a research report on Monday, October 30th. UBS Group boosted their price target on shares of Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Barclays raised their price objective on shares of Olin from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, KeyCorp upped their target price on Olin from $61.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.27.

View Our Latest Stock Analysis on Olin

Insider Transactions at Olin

In other news, VP Valerie A. Peters sold 71,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $52.52, for a total value of $3,770,936.00. Following the transaction, the vice president now owns 19,469 shares in the company, valued at $1,022,511.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Olin news, CEO Scott Mcdougald Sutton sold 539,328 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $53.96, for a total value of $29,102,138.88. Following the completion of the transaction, the chief executive officer now owns 47,620 shares of the company’s stock, valued at approximately $2,569,575.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $52.52, for a total transaction of $3,770,936.00. Following the sale, the vice president now directly owns 19,469 shares in the company, valued at approximately $1,022,511.88. The disclosure for this sale can be found here. Insiders sold a total of 674,378 shares of company stock valued at $36,298,062 in the last quarter. 1.60% of the stock is owned by insiders.

Olin Trading Up 0.7 %

Olin stock opened at $51.12 on Friday. 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 $51.89 and its two-hundred day simple moving average is $50.89. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.28 and a beta of 1.44.

Olin 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.

See Also

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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