Olin Corporation $OLN Stock Holdings Lifted by ARS Investment Partners LLC

ARS Investment Partners LLC increased its stake in Olin Corporation (NYSE:OLN) by 130.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,708 shares of the specialty chemicals company’s stock after acquiring an additional 97,308 shares during the quarter. ARS Investment Partners LLC owned approximately 0.15% of Olin worth $3,450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OLN. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Olin by 11.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,191,163 shares of the specialty chemicals company’s stock valued at $295,514,000 after acquiring an additional 1,259,795 shares in the last quarter. Vanguard Group Inc. grew its stake in Olin by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 11,748,584 shares of the specialty chemicals company’s stock valued at $284,786,000 after acquiring an additional 245,604 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Olin by 40.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,384,744 shares of the specialty chemicals company’s stock valued at $154,766,000 after purchasing an additional 1,840,900 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Olin by 14.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,546,352 shares of the specialty chemicals company’s stock valued at $110,204,000 after purchasing an additional 569,483 shares during the period. Finally, Yacktman Asset Management LP boosted its holdings in shares of Olin by 1.0% during the second quarter. Yacktman Asset Management LP now owns 4,060,376 shares of the specialty chemicals company’s stock worth $81,573,000 after purchasing an additional 40,133 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Olin Stock Up 0.3%

OLN opened at $19.27 on Wednesday. The company has a market capitalization of $2.20 billion, a P/E ratio of 41.88, a P/E/G ratio of 6.30 and a beta of 1.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.56 and a quick ratio of 0.89. The firm’s fifty day moving average price is $23.02 and its two-hundred day moving average price is $21.73. Olin Corporation has a fifty-two week low of $17.66 and a fifty-two week high of $44.05.

Olin (NYSE:OLN) last issued its earnings results on Monday, October 27th. The specialty chemicals company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.31. Olin had a net margin of 0.79% and a return on equity of 3.36%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned ($0.21) EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Olin Corporation will post 1.38 EPS for the current year.

Olin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. Olin’s dividend payout ratio is presently 173.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho set a $26.00 target price on shares of Olin in a research report on Friday, October 3rd. Wells Fargo & Company cut their price target on Olin from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 29th. Citigroup restated a “neutral” rating on shares of Olin in a report on Wednesday, October 29th. Royal Bank Of Canada set a $26.00 target price on shares of Olin and gave the stock a “sector perform” rating in a research report on Tuesday, October 14th. Finally, Bank of America raised their target price on Olin from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Olin presently has an average rating of “Hold” and a consensus price target of $25.00.

Olin 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.