Goldman Sachs Group Inc. Has $4.03 Million Stake in Oil-Dri Corporation Of America $ODC

Key Points

• Goldman Sachs Group Inc. significantly increased its stake in Oil-Dri Corporation by 122.6% during the 1st quarter, owning 87,725 shares valued at approximately $4 million.
• Multiple institutional investors, including Trust Co. of Vermont and MAI Capital Management, lifted their holdings in Oil-Dri Corporation by 100%, indicating strong interest in the company.
• Insider activity revealed that VP Christopher B. Lamson and Director Amy Ryan sold 6,000 shares of the company's stock, which reflects a notable decrease in their ownership positions.

Goldman Sachs Group Inc. increased its stake in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 122.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,725 shares of the specialty chemicals company's stock after purchasing an additional 48,309 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.60% of Oil-Dri Corporation Of America worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ODC. Trust Co. of Vermont grew its position in Oil-Dri Corporation Of America by 100.0% in the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 300 shares during the period. MAI Capital Management grew its stake in Oil-Dri Corporation Of America by 100.0% in the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Oil-Dri Corporation Of America by 98.0% in the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 441 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Oil-Dri Corporation Of America by 100.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 580 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Oil-Dri Corporation Of America in the 1st quarter valued at $105,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Oil-Dri Corporation Of America Trading Down 4.9%

NYSE:ODC traded down $3.36 during mid-day trading on Friday, hitting $65.55. 148,005 shares of the stock traded hands, compared to its average volume of 68,854. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $60.78 and its two-hundred day moving average is $53.24. Oil-Dri Corporation Of America has a 52 week low of $32.15 and a 52 week high of $69.75. The stock has a market capitalization of $959.65 million, a price-to-earnings ratio of 19.28 and a beta of 0.69.

Insider Activity

In other Oil-Dri Corporation Of America 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 transaction, the director directly owned 2,900 shares of the company's stock, valued at $175,798. The trade was a 25.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher B. Lamson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total transaction of $154,375.00. Following the transaction, the vice president owned 11,453 shares of the company's stock, valued at $707,222.75. This trade represents a 17.92% decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by company insiders.

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.