Great West Life Assurance Co. Can Grows Holdings in Olin Co. (NYSE:OLN)

Great West Life Assurance Co. Can lifted its holdings in shares of Olin Co. (NYSE:OLN) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,051 shares of the specialty chemicals company’s stock after buying an additional 8,744 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Olin worth $1,959,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lavaca Capital LLC purchased a new position in shares of Olin during the 4th quarter worth approximately $29,000. Pflug Koory LLC grew its holdings in shares of Olin by 29.8% in the 4th quarter. Pflug Koory LLC now owns 2,985 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 685 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Olin by 1,911.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,332,529 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 1,266,267 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Olin by 385.1% in the 4th quarter. Penserra Capital Management LLC now owns 4,288 shares of the specialty chemicals company’s stock worth $86,000 after acquiring an additional 3,404 shares during the period. Finally, IMS Capital Management acquired a new stake in shares of Olin in the 3rd quarter worth approximately $88,000. 87.30% of the stock is owned by institutional investors and hedge funds.

In other Olin news, VP Brett A. Flaugher sold 12,500 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $26.53, for a total transaction of $331,625.00. Following the sale, the vice president now owns 40,629 shares in the company, valued at approximately $1,077,887.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on OLN shares. KeyCorp started coverage on Olin in a report on Monday, January 28th. They issued an “overweight” rating and a $30.00 price target on the stock. ValuEngine upgraded Olin from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Nomura cut Olin from a “neutral” rating to a “reduce” rating and lowered their price target for the stock from $23.00 to $22.00 in a report on Wednesday, January 30th. Zacks Investment Research cut Olin from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Finally, Cowen restated an “outperform” rating and issued a $32.00 price target on shares of Olin in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.55.

NYSE:OLN traded up $0.37 during trading hours on Monday, reaching $25.20. 1,738,910 shares of the company traded hands, compared to its average volume of 2,292,118. The stock has a market cap of $4.09 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.53. Olin Co. has a 1-year low of $17.87 and a 1-year high of $34.42.

Olin (NYSE:OLN) last announced its earnings results on Monday, February 4th. The specialty chemicals company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.70 billion. Olin had a net margin of 4.72% and a return on equity of 10.42%. Olin’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $2.89 EPS. As a group, equities research analysts predict that Olin Co. will post 1.87 earnings per share for the current fiscal year.

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Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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