The most recent statement that Dupont Capital Management Corp. filed with the SEC indicates that during the third quarter, the company’s holdings of Olin Co. (NYSE: OLN) were reduced by 63.4%. The fund, a manufacturer of specialty chemicals, was left with 6,319 shares of the company’s stock after selling 10,956 shares of the company’s stock during the quarter. The company is a publicly traded corporation. The value of the holdings that Dupont Capital Management Corp. had in Olin amounted to a total of $270,000 as of the end of the most recent fiscal quarter.
Recent months have seen several other institutional investors and hedge funds change the stock holdings contained within their respective investment portfolios. During the first three months of the year, Vanguard Group Inc. increased the amount of Olin stock owned by 3.2%, bringing its total ownership percentage to 100%. The value of the specialty chemicals company’s stock has increased to $829,542,000 thanks to Vanguard Group Inc. now holding 15,867,281 shares of the company’s stock. The number of shares held by Vanguard Group Inc. has grown by 493,052. During the second quarter, FMR LLC achieved a 0.8% increase in the proportion of Olin stock it owned. FMR LLC now has 7,346,926 shares of the specialty chemicals company’s stock after purchasing an additional 58,801 shares during the preceding quarter. The company’s shares are currently valued at a total of $340,017,000 due to the combined value of all of the company’s shares. During the first three months of 2018, State Street Corporation achieved a 0.6% increase in the proportion of Olin stock it owned. State Street Corp. now owns a total of 5,581,714 shares of the specialty chemicals company’s stock, which have a market value of $291,812,000 following the purchase of an additional 31,587 shares during the most recent quarter. During the second quarter, AQR Capital Management LLC increased the number of Olin shares held in its investment portfolio by 11.7%. AQR Capital Management LLC has increased the total number of shares it owns in the specialty chemicals company by purchasing an additional 192,540 since the beginning of the most recent quarter. This brings its total share count to 1,844,228, with a market value of $84,041,000.
Last but not least, during the third quarter, Thompson, Siegel & Walmsley LLC added 17.4 percentage points to the amount of Olin stock that it owned. Thompson, Siegel & Walmsley LLC now owns 1,410,252 stock held by the specialty chemicals company after acquiring an additional 209,466 shares during the most recent quarter. This brings the total number of shares owned by the company to 1,410,252. There is a value of $60,471,000 attached to these shares. To the tune of 85.77% of the company’s shares, hedge funds and various other institutional investors are the proud owners.
On Friday, November 18th, Olin Chief Operating Officer James A. Varilek sold 50,000 shares of the company’s stock. This development comes as part of other news regarding Olin. The 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. The chief operating officer is now the owner of 17,761 company shares, which have a value of $1,004,562.16 as a direct result of the transaction. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. The corporation’s insiders own 9.0 percent of the total number of shares that are currently outstanding.
When trading started on Tuesday, the price of an OLN share was $56.56. There is a ratio of 1.01 for debt to equity, a ratio of 0.83 for quick ratio, and a ratio of 1.41 for the current ratio. The moving average of the company’s performance over the past 200 days is $52.13, and the moving average over the past 50 days is $55.36. The price-to-earnings ratio of the stock is 6.08; the price-to-earnings growth ratio is 0.95, and the stock’s beta value is 1.42. The stock has a market capitalization of $7.75 billion. During the last year, the Olin Company