Nuveen LLC Invests $1.87 Million in Oil-Dri Corporation Of America $ODC

Key Points

• Nuveen LLC acquired 40,616 shares of Oil-Dri Corporation Of America for approximately $1,865,000, representing 0.28% ownership of the company.
• Oil-Dri recently increased its quarterly dividend to $0.18 per share, yielding 1.2%, up from a previous $0.16.
• The company's stock has seen a significant price range over the last year, ranging from a low of $32.06 to a high of $63.82.

Nuveen LLC acquired a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,616 shares of the specialty chemicals company's stock, valued at approximately $1,865,000. Nuveen LLC owned 0.28% of Oil-Dri Corporation Of America at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Oil-Dri Corporation Of America by 119.3% during the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock worth $28,112,000 after purchasing an additional 333,053 shares in the last quarter. Royce & Associates LP raised its position in Oil-Dri Corporation Of America by 102.4% during the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock valued at $15,429,000 after purchasing an additional 170,000 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Oil-Dri Corporation Of America by 97.4% in the first quarter. Bard Associates Inc. now owns 113,881 shares of the specialty chemicals company's stock worth $5,229,000 after acquiring an additional 56,177 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Oil-Dri Corporation Of America by 103.3% in the 1st quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company's stock valued at $4,457,000 after purchasing an additional 49,312 shares during the last quarter. Finally, Cardinal Capital Management boosted its holdings in shares of Oil-Dri Corporation Of America by 99.9% during the 1st quarter. Cardinal Capital Management now owns 95,433 shares of the specialty chemicals company's stock valued at $4,382,000 after acquiring an additional 47,683 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Amy Ryan sold 1,000 shares of Oil-Dri Corporation Of America stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the completion of the transaction, the vice president directly owned 11,453 shares in the company, valued at approximately $707,222.75. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,000 shares of company stock worth $354,570 over the last three months. 11.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.

Oil-Dri Corporation Of America Stock Up 1.3%

Shares of NYSE ODC traded up $0.81 during trading on Wednesday, hitting $61.33. 38,326 shares of the company traded hands, compared to its average volume of 49,869. The firm has a market capitalization of $897.68 million, a price-to-earnings ratio of 18.03 and a beta of 0.69. The business's fifty day moving average is $58.96 and its 200 day moving average is $51.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83. Oil-Dri Corporation Of America has a fifty-two week low of $32.06 and a fifty-two week high of $63.82.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last issued its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. The company had revenue of $115.50 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.