Louisiana State Employees Retirement System Acquires New Holdings in Olin Co. (NYSE:OLN)

Louisiana State Employees Retirement System acquired a new stake in Olin Co. (NYSE:OLN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,400 shares of the specialty chemicals company’s stock, valued at approximately $1,856,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OLN. HighTower Advisors LLC lifted its stake in Olin by 10.4% in the 1st quarter. HighTower Advisors LLC now owns 7,760 shares of the specialty chemicals company’s stock valued at $407,000 after purchasing an additional 728 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Olin during the first quarter valued at $230,000. Acadian Asset Management LLC bought a new position in shares of Olin during the first quarter valued at $53,000. Great West Life Assurance Co. Can raised its stake in shares of Olin by 8.7% during the first quarter. Great West Life Assurance Co. Can now owns 82,375 shares of the specialty chemicals company’s stock valued at $4,437,000 after acquiring an additional 6,589 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of Olin by 5.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 4,714 shares of the specialty chemicals company’s stock valued at $246,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction 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 directly owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction 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 directly owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd A. Slater sold 63,250 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total transaction of $3,424,987.50. Following the completion of the transaction, the chief financial officer now directly owns 137,517 shares in the company, valued at $7,446,545.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 753,274 shares of company stock worth $40,434,124. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OLN. Royal Bank of Canada raised their price target on shares of Olin from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. UBS Group raised their price target on shares of Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Stifel Nicolaus raised their price target on shares of Olin from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, January 29th. The Goldman Sachs Group raised their price target on shares of Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Finally, Citigroup increased their price objective on shares of Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.00.

Olin Trading Down 0.0 %

NYSE:OLN opened at $53.16 on Friday. 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 stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.29 and a beta of 1.44. The firm has a fifty day simple moving average of $55.43 and a two-hundred day simple moving average of $51.39. Olin Co. has a 12 month low of $41.71 and a 12 month high of $60.60.

Olin (NYSE:OLN) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Olin had a net margin of 6.74% and a return on equity of 18.44%. Analysts expect that Olin Co. will post 3.75 EPS for the current fiscal year.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, March 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Wednesday, March 6th. Olin’s payout ratio is 22.60%.

Olin Company 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.