Valueact Holdings LP Upped Seagate Technology Plc (STX) Holding By $162.50 Million; Last Week Olin (OLN) Analysts

December 19, 2017 - By Vivian Park

Among 11 analysts covering Olin Corporation (NYSE:OLN), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Olin Corporation had 37 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) rating on Tuesday, October 17. RBC Capital Markets has “Buy” rating and $42.0 target. As per Monday, September 21, the company rating was maintained by Cowen & Co. The rating was upgraded by Monness Crespi to “Buy” on Thursday, February 4. SunTrust maintained the stock with “Buy” rating in Wednesday, November 1 report. On Tuesday, November 3 the stock rating was maintained by UBS with “Neutral”. The rating was downgraded by Longbow to “Underperform” on Wednesday, September 7. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, June 13. The firm has “Buy” rating given on Friday, July 28 by Cowen & Co. The stock of Olin Corporation (NYSE:OLN) earned “Buy” rating by Cowen & Co on Tuesday, September 5. The stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Thursday, February 2 by Monness Crespi & Hardt. See Olin Corporation (NYSE:OLN) latest ratings:

13/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $42.0 Maintain
01/11/2017 Broker: SunTrust Rating: Buy New Target: $45.0 Maintain
17/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $42.0 Maintain
06/10/2017 Broker: Cowen & Co Rating: Buy New Target: $39.0 Maintain
02/10/2017 Broker: SunTrust Rating: Buy New Target: $44.0
27/09/2017 Broker: Citigroup Rating: Buy New Target: $39 Initiates Coverage On
18/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $35.0 Maintain
05/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $34.0 Maintain
05/09/2017 Broker: Cowen & Co Rating: Buy New Target: $39.0 Maintain
01/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $34.0000 Maintain

Valueact Holdings Lp increased Seagate Technology Plc (STX) stake by 44.83% reported in 2017Q2 SEC filing. Valueact Holdings Lp acquired 4.28 million shares as Seagate Technology Plc (STX)’s stock declined 9.82%. The Valueact Holdings Lp holds 13.82 million shares with $535.36 million value, up from 9.54 million last quarter. Seagate Technology Plc now has $12.16B valuation. The stock decreased 0.76% or $0.32 during the last trading session, reaching $42.04. About 1.96 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since December 19, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

The stock decreased 0.76% or $0.26 during the last trading session, reaching $33.97. About 372,616 shares traded. Olin Corporation (NYSE:OLN) has risen 51.90% since December 19, 2016 and is uptrending. It has outperformed by 35.20% the S&P500.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. The company has market cap of $5.65 billion. It operates through three divisions: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. It has a 72.43 P/E ratio. 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, and potassium hydroxide.

Since August 2, 2017, it had 0 insider purchases, and 3 selling transactions for $1.41 million activity. $498,456 worth of Olin Corporation (NYSE:OLN) was sold by MCINTOSH JOHN L. 5,000 shares valued at $151,724 were sold by Curley Stephen C on Tuesday, August 15.

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.12, from 1.07 in 2017Q1. It fall, as 44 investors sold Olin Corporation shares while 91 reduced holdings. 48 funds opened positions while 96 raised stakes. 151.38 million shares or 0.97% less from 152.85 million shares in 2017Q1 were reported. State Street accumulated 6.90 million shares or 0.02% of the stock. Adams Asset Advisors Limited Liability Company holds 0.74% or 165,427 shares. Point72 Asset Lp stated it has 2.83M shares or 0.48% of all its holdings. New York State Teachers Retirement Sys reported 132,435 shares or 0.01% of all its holdings. Riverhead Cap Management Lc accumulated 0.02% or 15,421 shares. 17,364 are held by First Republic Mgmt Inc. Tortoise Advsrs Ltd invested in 0% or 19,163 shares. Invesco Limited, Georgia-based fund reported 202,918 shares. Hutchin Hill Capital Limited Partnership accumulated 121,200 shares or 0.12% of the stock. New York-based Goldman Sachs Group Incorporated has invested 0.02% in Olin Corporation (NYSE:OLN). Blackrock Incorporated holds 0.03% or 15.86 million shares. Envestnet Asset Mgmt Incorporated holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 12,381 shares. State Common Retirement Fund holds 0.02% or 622,007 shares in its portfolio. Css Ltd Llc Il has 9,858 shares. Capstone Asset Management reported 12,515 shares.

Among 33 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 22 Hold. Therefore 24% are positive. Seagate Technology Plc had 120 analyst reports since August 4, 2015 according to SRatingsIntel. Pacific Crest downgraded Seagate Technology plc (NASDAQ:STX) on Friday, October 16 to “Sector Weight” rating. The firm has “Strong Buy” rating given on Thursday, October 20 by Needham. As per Monday, May 2, the company rating was downgraded by RBC Capital Markets. The stock of Seagate Technology plc (NASDAQ:STX) has “Buy” rating given on Monday, November 2 by Needham. The stock of Seagate Technology plc (NASDAQ:STX) has “Underweight” rating given on Tuesday, October 24 by Barclays Capital. The stock has “Strong Buy” rating by Needham on Wednesday, October 12. Deutsche Bank maintained the stock with “Buy” rating in Monday, January 11 report. The stock of Seagate Technology plc (NASDAQ:STX) earned “Market Perform” rating by Cowen & Co on Wednesday, January 25. The rating was maintained by BMO Capital Markets with “Hold” on Monday, July 24. Mizuho maintained the shares of STX in report on Tuesday, January 19 with “Neutral” rating.

Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.52, from 1.3 in 2017Q1. It turned negative, as 64 investors sold STX shares while 133 reduced holdings. 73 funds opened positions while 183 raised stakes. 255.91 million shares or 1.00% more from 253.38 million shares in 2017Q1 were reported. Qs Invsts Lc invested in 0.02% or 67,044 shares. Dupont holds 0.03% or 30,262 shares. Teacher Retirement System Of Texas invested in 0.11% or 402,997 shares. Pggm Investments accumulated 176,484 shares or 0.03% of the stock. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 0.34% or 196,363 shares. Hancock Hldg has invested 0.05% in Seagate Technology plc (NASDAQ:STX). Rbf Ltd Llc accumulated 20,100 shares. Invesco accumulated 3.43M shares. Koch Indus holds 677,737 shares or 0.18% of its portfolio. Los Angeles Cap And Equity Rech invested 0.09% of its portfolio in Seagate Technology plc (NASDAQ:STX). 8,100 were accumulated by Intact Inv. Federated Investors Pa has invested 0.06% in Seagate Technology plc (NASDAQ:STX). Mitsubishi Ufj Holdings Ltd accumulated 0.08% or 390 shares. Tiaa Cref Mngmt Limited holds 0% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 74,937 shares. Glob X Management Ltd Liability Corporation has 0.01% invested in Seagate Technology plc (NASDAQ:STX).

Since August 1, 2017, it had 0 insider buys, and 4 sales for $2.49 million activity. Another trade for 7,909 shares valued at $316,360 was sold by MORTON DAVID H JR. BRACE PHILIP G sold $1.67M worth of stock or 44,944 shares. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F.