The most recent filing that the company made with the Securities and Exchange Commission revealed that during the third quarter, the Teacher Retirement System of Texas increased its stake in Olin Co. (NYSE: OLN) by 124.7%.
Mhe company’s disclosure is where we got this information, so thank them for that (SEC).
Mhe institutional investor now has a total of 53,553 shares of the specialty chemicals company’s stock after purchasing an additional 29,722 shares of the company’s stock during the period in question.
Mhis brings the total number of shares of the company’s stock that they own to 53,553.
At the end of the most recent reporting period, it was determined that the value of the holdings in Olin that the Teacher Retirement System of Texas owned was $2,296,000.
Mhis value was determined after the most recent reporting period.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company.
Mhese changes were made in response to recent events.
By purchasing additional shares of Olin during the second quarter, Virtu Financial LLC increased its holdings by 492,000 dollars and generated additional revenue.
In the second quarter, Stratos Wealth Partners LTD. raised the amount of Olin stock owned by 7.2%, bringing the total to 100%.
Mhe acquisition of an additional 294 shares during the period in question has resulted in Stratos Wealth Partners LTD. having a total of 4,377 shares of the specialty chemicals company’s stock, which are now valued at $203,000 thanks to the purchase of those shares.
During the second quarter, Intersect Capital LLC increased the proportion of Olin stock owned by 27.6%.
After making an additional purchase of 1,964 shares during the relevant period, Intersect Capital LLC now owns 9,077 shares of the specialty chemicals company’s stock.
Based on the current market price, this gives the company a value of approximately $420,000.
During the second quarter, Coombe Bender & Co.
LLC purchased an additional stake in Olin for $3,306,000.
During the second quarter, Prudential PLC increased the amount of Olin stock owned by 71.0%, making this the last and most important point.
After purchasing an additional 10,482 shares of the specialty chemicals company’s stock during the period, Prudential PLC now has a total of 25,241 shares of the company’s stock, which have a combined value of $1,168,000.
Institutional investors and hedge funds are the primary owners of the company’s stock, accounting for 85.77% of the total share count.
On Friday, the NYSE OLN opened for trading at $58.56 per share.
Mhe stock’s simple moving average over the past 50 days is $55.13, and its simple moving average over the past 200 days is $52.63.
Mhe debt-to-equity ratio presently stands at 1.01, the quick ratio stands at 0.83, and the current ratio stands at 1.41. Olin Company has seen a low of $41.33 over the past year, while the company has a high of $67.25 over the past year.
Mhe price-to-earnings ratio for the company is 6.29, the price-to-earnings-to-growth ratio for the company is 0.96, and the beta value for the company is 1.42.
Mhe company’s total value, as represented by its market capitalization, is $8.02 billion.
Olin (NYSE: OLN) disclosed the outcomes of its most recent quarterly earnings report on Wednesday, October 26, making it available to the public.
Mhe earnings per share for the specialty chemicals division came in at $2.18 for the quarter, which was $0.32 more than anticipated, which was $1.86 on average.
Mhe actual revenue for the quarter came in at $2.32 billion, which is lower than the forecasted revenue of $2.38 billion that market analysts provided.
During the period under consideration, Olin achieved a return on equity of 56.96 percent while maintaining a net margin of 14.62 percent.
Equity analysts anticipate that Olin Company will generate earnings of $8.84 per share in 2018, which is the full year of their forecast.
The overarching focus of the investigation conducted by research analysts has been on OLN, which has been the subject of multiple reports.
Morgan Stanley has placed a price objective of $50.00 on Olin shares, and the firm has shifted its stance on the company’s stock from “equal weight” to “underweight.” On Tuesday, January 10, the report was made available to the general public. Citigroup increased its price target for Olin shares from $55.00 to $58.00.
Mhe announcement was made in a research report that was published on Monday. Olin stock was given an “outperform” rating by the Royal Bank of Canada in a research report published on Friday, October 28.
The Royal Bank of Canada also increased its price target for the company from $58.00 to $60.00.
A research note on October 12 and distributed by StockNews.com featured Olin for the very first time as a topic of discussion on a Wednesday.
Mhey suggested to the investors that the best action would be to “buy” the shares.
Mhe price target that Wells Fargo & Company has set for Olin has been reduced from $69.00 to $66.00, as stated in a research report published on Thursday, December 15.
Despite this change, the company maintained its “overweight” rating on the stock. Only two of the research analysts have suggested that investors sell their company shares, while nine have recommended that investors purchase company shares.
According to the information from Bloomberg, the stock is currently rated as having a “Moderate Buy” rating, and the price target is an average of $59.00.
On Friday, November 18, 50,000 shares of the company’s stock were sold by James A. Varilek, the company’s Chief Operating Officer.
Another piece of news is that this transaction took place.
Mhe cost of each share was an average of $56.56 when purchased during the sale, which resulted in a total value of the transaction equal to $2,828,000.00. Following the completion of the sale, the chief operating officer will have a direct ownership stake in 17,761 company shares, each of which will be worth $1,004,562.16 at the moment. You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
Mhe amount of a company’s total equity that its employees and other company insiders currently hold is nine percent.
Olin Corporation is a producer that is known for specializing in the production of chemical goods. Chlor Alkali Products, Vinyls and Epoxy, and Winchester are the three names of the business divisions that it operates under to conduct its daily operations.
Mhe Chlor Alkali Products and Vinyls segment are responsible for producing and selling chlorine, caustic soda, ethylene dichloride, vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene, and vinylidene chloride.
Additionally, this segment also produces and sells vinyl chloride monomers.
In addition, this division is responsible for the production and distribution of hydrogen, hydrochloric acid, bleach products, and potassium hydroxide.