Olin Co. (NYSE:OLN) Stock Holdings Lifted by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in Olin Co. (NYSE:OLN) by 890.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 451,020 shares of the specialty chemicals company’s stock after buying an additional 405,480 shares during the period. Two Sigma Investments LP owned about 0.39% of Olin worth $15,244,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC boosted its stake in Olin by 37.7% in the third quarter. Barclays PLC now owns 125,913 shares of the specialty chemicals company’s stock valued at $6,042,000 after acquiring an additional 34,485 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Olin by 8.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 6,930 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 542 shares during the last quarter. Blue Trust Inc. boosted its position in Olin by 34.3% during the 4th quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 738 shares during the period. KBC Group NV boosted its position in Olin by 82.9% during the 4th quarter. KBC Group NV now owns 5,461 shares of the specialty chemicals company’s stock valued at $185,000 after purchasing an additional 2,476 shares during the period. Finally, Mariner Investment Group LLC bought a new position in Olin during the 4th quarter worth $355,000. Institutional investors own 88.67% of the company’s stock.

Olin Stock Performance

Shares of NYSE OLN opened at $19.53 on Friday. Olin Co. has a 1 year low of $17.66 and a 1 year high of $54.86. The firm has a market cap of $2.25 billion, a P/E ratio of 21.70 and a beta of 1.56. The stock has a fifty day moving average price of $21.87 and a two-hundred day moving average price of $29.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27.

Olin (NYSE:OLN) last announced its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Olin had a return on equity of 5.10% and a net margin of 1.66%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Research analysts forecast that Olin Co. will post 1.38 EPS for the current fiscal year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. Olin’s dividend payout ratio (DPR) is 156.86%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OLN. UBS Group raised their target price on Olin from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Olin from $28.00 to $20.00 and set an “underweight” rating on the stock in a research report on Monday, May 12th. KeyCorp decreased their target price on shares of Olin from $40.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of Olin from $28.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Finally, BMO Capital Markets reduced their price objective on Olin from $44.00 to $34.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.07.

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.