180 Wealth Advisors LLC raised its stake in the specialty chemicals company, Olin Co. (NYSE:OLN), during the first quarter by 25.6% according to the most recent 13F filing with the Securities & Exchange Commission. Adding an additional 3,589 shares brought its total holdings to 17,598 shares worth $977,000 by the end of the quarter.
Olin Corporation, known for producing and distributing chemical products globally, is segmented into three categories: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. More specifically, their Chlor Alkali Products and Vinyls provide a variety of organic intermediates and solvents such as chloroform and potassium hydroxide.
Currently trading at $52.36 on Monday with a market cap of $6.77 billion and a P/E ratio of 6.95 since it opened for trade earlier today–it’s since seen an increasing trend in stocks through recent market trends (i.e., there’ve been some piqued interests lately). Olin has been operating with a beta ratio at 1.45 since its inception which shows investors how much riskier it was considered than other investments back then; however, with its current price-to-earnings-growth ratio at .94 suggests that it may be more favorable now.
The company carries both liquid assets like its current ratio of 1.60 alongside quick assets like the quick ratio measuring at .84–though this being said they do also carry long term debt meaning any investment should also take into consideration their debt-to-equity ratio standing at 1.09.
Although many businesses have taken substantial investor hits during this volatile period amid Covid19 pandemic-related uncertainty throughout global supply chains as well as demand due to massive economic shifts around us every day now in almost all major populations affected countries isn’t showing any headwinds as despite having experienced both a 52 week low of $41.33 and high of $64.70, it remains a testament to the confidence investors have in this company’s future growth potential which is indeed quite commendable.
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Institutional Investors Make Changes to Positions in Olin Corporation: Mixed Ratings from Research Analyst Reports
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”OLN” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Olin Corporation, a US-based chemicals manufacturer and distributor, has recently seen a number of institutional investors making changes to their positions in the company. For instance, Salem Investment Counselors Inc. acquired a new position in Olin during Q1 2021 which is valued at $26,000; Bessemer Group Inc also purchased a new stake in shares of Olin during the same period worth around $27,000; Quadrant Capital Group increased its position by 52.2% during Q3 2020 and now owns about 985 shares worth $42,000 after acquiring an additional 338 shares within the last quarter; Money Concepts Capital Corp increased its position by 74.5% during Q4 2020 and now owns about 991 shares worth $52,000 after purchasing an additional 423 shares within the same quarter. Finally, Acadian Asset Management LLC acquired a new stake in Olin in Q1 2021 for approximately $53,000. Hedge funds and other institutional investors currently own about 84.77% of Olin’s stock.
In addition to these recent events, OLN has been the focus of several research analyst reports over the past few months with mixed ratings ranging from “sell” to “buy”. Despite missing consensus estimates for Q1 earnings per share (EPS) by ($0.12), the specialty chemicals company posted a net margin of 12.45%, while revenue amounted to $1.84bn compared with analysts’ expectations of $2.05bn.
Going forward, according to data from Bloomberg.com, analysts expect that Olin Co.’s EPS will be around $5.45 for this fiscal year. The firm also recently paid out a quarterly dividend with shareholders receiving $0.20 per share on June 9th this year – representing an annualized dividend of $0.80 and a dividend yield of 1.53%. With these developments, it remains to be seen how Olin will fare in the upcoming quarters.
