O Shaughnessy Asset Management LLC Sells 6,145 Shares of Olin Co. (NYSE:OLN)

O Shaughnessy Asset Management LLC decreased its position in Olin Co. (NYSE:OLN) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,662 shares of the specialty chemicals company’s stock after selling 6,145 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Olin were worth $2,509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OLN. Sandy Spring Bank boosted its stake in Olin by 145.6% in the 4th quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 364 shares in the last quarter. Fifth Third Bancorp boosted its stake in Olin by 30.0% in the 1st quarter. Fifth Third Bancorp now owns 858 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 198 shares in the last quarter. Quarry LP bought a new position in Olin in the 4th quarter worth about $50,000. ORG Partners LLC lifted its stake in Olin by 1,100.0% during the 4th quarter. ORG Partners LLC now owns 960 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 880 shares during the period. Finally, Headlands Technologies LLC bought a new position in Olin during the 1st quarter valued at about $69,000. Institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on OLN shares. KeyCorp lowered their target price on shares of Olin from $73.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada lowered their target price on shares of Olin from $69.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Piper Sandler upped their price target on shares of Olin from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Stifel Nicolaus upped their price target on shares of Olin from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Citigroup increased their target price on shares of Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Olin has a consensus rating of “Hold” and a consensus price target of $59.27.

Olin Stock Performance

OLN stock opened at $47.22 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 1.22. The business’s fifty day simple moving average is $50.07 and its two-hundred day simple moving average is $52.81. Olin Co. has a twelve month low of $41.71 and a twelve month high of $60.60. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.35 and a beta of 1.44.

Olin (NYSE:OLN) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Olin had a return on equity of 14.47% and a net margin of 5.32%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue was down 11.3% compared to the same quarter last year. Analysts predict that Olin Co. will post 3.1 earnings per share for the current year.

About Olin

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.