Olin Corporation (OLN) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. cut its position in shares of Olin Corporation (NYSE:OLN) by 20.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,646 shares of the specialty chemicals company’s stock after selling 13,101 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Olin Corporation were worth $1,503,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Olin Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC increased its stake in Olin Corporation by 238.5% during the second quarter. Acrospire Investment Management LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 3,100 shares during the last quarter. Creative Planning increased its stake in Olin Corporation by 130.8% during the second quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock worth $153,000 after acquiring an additional 2,862 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Olin Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,126 shares of the specialty chemicals company’s stock worth $185,000 after acquiring an additional 544 shares during the last quarter. Finally, Frontier Wealth Management LLC acquired a new stake in Olin Corporation during the second quarter worth about $200,000. Institutional investors own 92.62% of the company’s stock.

OLN has been the subject of several research analyst reports. Cowen and Company set a $39.00 price target on Olin Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded Olin Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $44.00 target price (up previously from $36.00) on shares of Olin Corporation in a research note on Monday, October 2nd. Citigroup Inc. initiated coverage on Olin Corporation in a research note on Wednesday, September 27th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Olin Corporation in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Olin Corporation has a consensus rating of “Hold” and a consensus target price of $36.88.

Olin Corporation (NYSE:OLN) traded down 1.01% during midday trading on Monday, hitting $35.18. The stock had a trading volume of 64,602 shares. The company’s 50-day moving average price is $33.53 and its 200 day moving average price is $31.30. The stock has a market cap of $5.85 billion, a P/E ratio of 136.89 and a beta of 1.42. Olin Corporation has a 12-month low of $20.08 and a 12-month high of $36.84.

Olin Corporation (NYSE:OLN) last posted its earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.15). Olin Corporation had a net margin of 0.72% and a return on equity of 5.80%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business earned $0.24 earnings per share. Olin Corporation’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that Olin Corporation will post $1.05 earnings per share for the current fiscal year.

In other Olin Corporation news, EVP John L. Mcintosh sold 16,070 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.02, for a total transaction of $498,491.40. Following the transaction, the executive vice president now directly owns 60,391 shares in the company, valued at $1,873,328.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John L. Mcintosh sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $31.54, for a total value of $756,960.00. Following the transaction, the executive vice president now owns 84,391 shares in the company, valued at $2,661,692.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,070 shares of company stock worth $1,407,151. Corporate insiders own 2.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/16/olin-corporation-oln-shares-sold-by-ameritas-investment-partners-inc.html.

Olin Corporation Profile

Olin Corp

Other large investors have also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Olin Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC increased its stake in Olin Corporation by 238.5% during the second quarter. Acrospire Investment Management LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 3,100 shares during the last quarter. Creative Planning increased its stake in Olin Corporation by 130.8% during the second quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock worth $153,000 after acquiring an additional 2,862 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Olin Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,126 shares of the specialty chemicals company’s stock worth $185,000 after acquiring an additional 544 shares during the last quarter. Finally, Frontier Wealth Management LLC acquired a new stake in Olin Corporation during the second quarter worth about $200,000. Institutional investors own 92.62% of the company’s stock.

OLN has been the subject of several research analyst reports. Cowen and Company set a $39.00 price target on Olin Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded Olin Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $44.00 target price (up previously from $36.00) on shares of Olin Corporation in a research note on Monday, October 2nd. Citigroup Inc. initiated coverage on Olin Corporation in a research note on Wednesday, September 27th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Olin Corporation in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Olin Corporation has a consensus rating of “Hold” and a consensus target price of $36.88.

Olin Corporation (NYSE:OLN) traded down 1.01% during midday trading on Monday, hitting $35.18. The stock had a trading volume of 64,602 shares. The company’s 50-day moving average price is $33.53 and its 200 day moving average price is $31.30. The stock has a market cap of $5.85 billion, a P/E ratio of 136.89 and a beta of 1.42. Olin Corporation has a 12-month low of $20.08 and a 12-month high of $36.84.

Olin Corporation (NYSE:OLN) last posted its earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.15). Olin Corporation had a net margin of 0.72% and a return on equity of 5.80%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business earned $0.24 earnings per share. Olin Corporation’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that Olin Corporation will post $1.05 earnings per share for the current fiscal year.

In other Olin Corporation news, EVP John L. Mcintosh sold 16,070 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.02, for a total transaction of $498,491.40. Following the transaction, the executive vice president now directly owns 60,391 shares in the company, valued at $1,873,328.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John L. Mcintosh sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $31.54, for a total value of $756,960.00. Following the transaction, the executive vice president now owns 84,391 shares in the company, valued at $2,661,692.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,070 shares of company stock worth $1,407,151. Corporate insiders own 2.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/16/olin-corporation-oln-shares-sold-by-ameritas-investment-partners-inc.html.

Olin Corporation Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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Institutional Ownership by Quarter for Olin Corporation (NYSE:OLN)

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