Allspring Global Investments Holdings LLC Boosts Stock Holdings in Oil-Dri Corporation Of America (NYSE:ODC)

Allspring Global Investments Holdings LLC raised its stake in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 87.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,876 shares of the specialty chemicals company's stock after acquiring an additional 7,863 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of Oil-Dri Corporation Of America worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Oil-Dri Corporation Of America by 97.6% in the first quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock valued at $667,000 after acquiring an additional 7,172 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Oil-Dri Corporation Of America by 94.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company's stock valued at $807,000 after acquiring an additional 8,542 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Oil-Dri Corporation Of America by 100.0% in the first quarter. Miracle Mile Advisors LLC now owns 28,000 shares of the specialty chemicals company's stock valued at $1,286,000 after acquiring an additional 14,000 shares in the last quarter. Two Sigma Investments LP acquired a new position in Oil-Dri Corporation Of America in the fourth quarter valued at $522,000. Finally, Cardinal Capital Management boosted its stake in Oil-Dri Corporation Of America by 99.9% in the first 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. Institutional investors and hedge funds own 49.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Oil-Dri Corporation Of America

In other news, Director Ellen-Blair Chube sold 2,500 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $55.83, for a total value of $139,575.00. Following the completion of the sale, the director directly owned 9,320 shares of the company's stock, valued at approximately $520,335.60. This represents a 21.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.66% of the company's stock.

Oil-Dri Corporation Of America Stock Performance

Shares of NYSE:ODC traded down $0.24 on Friday, reaching $58.29. The company's stock had a trading volume of 90,281 shares, compared to its average volume of 41,560. The stock's 50-day moving average is $53.12 and its two-hundred day moving average is $47.01. Oil-Dri Corporation Of America has a 52-week low of $30.95 and a 52-week high of $60.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The stock has a market capitalization of $853.29 million, a P/E ratio of 17.14 and a beta of 0.65.

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

Oil-Dri Corporation Of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, August 8th. Oil-Dri Corporation Of America's dividend payout ratio is presently 18.24%.

Oil-Dri Corporation Of America 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.