14,553 Shares in Oil-Dri Corporation Of America $ODC Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 14,553 shares of Oil-Dri Corporation of America in the second quarter, valued at approximately $1.49 million and representing 0.10% of the company.
• Several other institutions also initiated positions, bringing institutional ownership to 49.01% of Oil-Dri’s outstanding stock.
• ODC shares were trading at $91.26, with a $1.32 billion market capitalization and a one-year range of $45.61 to $107.00. MarketBeat reports an overall analyst rating of “Buy.”

Bank of America Corp DE purchased a new position in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,553 shares of the specialty chemicals company's stock, valued at approximately $1,487,000. Bank of America Corp DE owned 0.10% of Oil-Dri Corporation Of America at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODC. Jupiter Topco LLC purchased a new position in shares of Oil-Dri Corporation Of America during the second quarter valued at approximately $408,000. PDT Partners LLC purchased a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $3,353,000. Legal & General Group Plc bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at approximately $1,199,000. The Manufacturers Life Insurance Company bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at approximately $273,000. Finally, Algert Global LLC bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at approximately $417,000. 49.01% of the stock is owned by institutional investors.

Oil-Dri Corporation Of America Trading Up 0.7%

Shares of ODC stock opened at $91.26 on Friday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 23.46 and a beta of 0.76. The company's fifty day simple moving average is $91.37 and its two-hundred day simple moving average is $85.03. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40.

Analyst Ratings Changes

A number of research analysts have issued reports on ODC shares. Weiss Ratings restated a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. Wall Street Zen cut Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Oil-Dri Corporation Of America presently has an average rating of "Buy".

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer and business customers. Its products are based primarily on attapulgite and other clay minerals and are designed to absorb liquids, control odors and improve handling in a range of applications.

The company's consumer products include cat litter and related pet-care products sold under brands such as Cat's Pride and Jonny Cat. Oil-Dri also supplies absorbent products used in industrial, automotive, agricultural, sports and other commercial applications, including products for fluid cleanup, waste management, turf maintenance and animal care.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois, and serves customers through retail, industrial and agricultural markets in the United States and selected international markets.

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