Kestra Private Wealth Services LLC Purchases Shares of 4,085 Olin Co. (NYSE:OLN)

Kestra Private Wealth Services LLC purchased a new stake in Olin Co. (NYSE:OLNFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,085 shares of the specialty chemicals company’s stock, valued at approximately $204,000.

Other large investors have also made changes to their positions in the company. Baystate Wealth Management LLC boosted its position in Olin by 154.6% during the third quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Salem Investment Counselors Inc. bought a new stake in Olin during the first quarter worth approximately $26,000. Quarry LP boosted its position in Olin by 508.6% during the first quarter. Quarry LP now owns 706 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 590 shares during the period. Motco bought a new stake in Olin during the third quarter worth approximately $40,000. Finally, ORG Partners LLC bought a new stake in Olin during the third quarter worth approximately $44,000. Institutional investors own 85.69% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have issued reports on OLN. Morgan Stanley decreased their target price on Olin from $50.00 to $38.00 and set an “underweight” rating for the company in a research report on Monday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on Olin in a research report on Thursday, December 7th. They issued a “hold” rating and a $52.00 price objective for the company. The Goldman Sachs Group increased their price objective on Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. UBS Group increased their price objective on Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada increased their price objective on Olin from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Two 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.27.

Read Our Latest Stock Report on Olin

Olin Stock Performance

OLN opened at $51.28 on Friday. The business has a fifty day simple moving average of $52.03 and a 200 day simple moving average of $50.87. The company has a market capitalization of $6.28 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.28 and a beta of 1.44. Olin Co. has a 1 year low of $41.71 and a 1 year high of $63.06. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.29 and a quick ratio of 0.73.

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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