Allspring Global Investments Holdings LLC raised its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 87.2% during the 1st quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.12% of Oil-Dri Corporation Of America worth $775,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Needham Investment Management LLC raised its stake in Oil-Dri Corporation Of America by 4.7% during the 4th quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company's stock valued at $24,539,000 after buying an additional 12,500 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Oil-Dri Corporation Of America by 2.5% in the fourth quarter. Royce & Associates LP now owns 166,000 shares of the specialty chemicals company's stock worth $14,548,000 after acquiring an additional 4,000 shares during the period. American Century Companies Inc. increased its position in Oil-Dri Corporation Of America by 11.5% during the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock valued at $12,816,000 after acquiring an additional 15,041 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Oil-Dri Corporation Of America by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company's stock valued at $11,605,000 after acquiring an additional 7,606 shares during the period. Finally, Geode Capital Management LLC boosted its position in Oil-Dri Corporation Of America by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock worth $9,834,000 after purchasing an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 49.01% of the company's stock.
Oil-Dri Corporation Of America Trading Up 0.3%
Shares of ODC stock opened at $57.81 on Thursday. 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 company has a market cap of $846.34 million, a price-to-earnings ratio of 17.00 and a beta of 0.65. Oil-Dri Corporation Of America has a 1 year low of $29.47 and a 1 year high of $60.70. The firm has a fifty day moving average price of $52.19 and a 200-day moving average price of $46.70.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The business had revenue of $115.50 million during the quarter.
Oil-Dri Corporation Of America Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.25%. This is a positive change 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 currently 18.24%.
Insider Buying and Selling
In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the transaction, the director owned 9,320 shares of the company's stock, valued at $520,335.60. The trade was a 21.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.66% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.
View Our Latest Stock Analysis on ODC
About Oil-Dri Corporation Of America
(
Free Report)
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.
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