ProShare Advisors LLC Purchases 7,606 Shares of Oil-Dri Co. of America (NYSE:ODC)

ProShare Advisors LLC boosted its holdings in Oil-Dri Co. of America (NYSE:ODC - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,412 shares of the specialty chemicals company's stock after buying an additional 7,606 shares during the quarter. ProShare Advisors LLC owned 0.91% of Oil-Dri Co. of America worth $11,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock worth $166,000 after purchasing an additional 268 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Oil-Dri Co. of America by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock valued at $9,834,000 after purchasing an additional 352 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Oil-Dri Co. of America by 2.4% in the 4th quarter. Wells Fargo & Company MN now owns 24,894 shares of the specialty chemicals company's stock valued at $2,182,000 after purchasing an additional 594 shares during the last quarter. Millennium Management LLC lifted its position in Oil-Dri Co. of America by 14.5% during the 4th quarter. Millennium Management LLC now owns 7,175 shares of the specialty chemicals company's stock worth $629,000 after acquiring an additional 909 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Oil-Dri Co. of America by 9.5% during the 4th quarter. Barclays PLC now owns 10,666 shares of the specialty chemicals company's stock worth $934,000 after purchasing an additional 923 shares during the period. Institutional investors and hedge funds own 49.01% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Oil-Dri Co. of America from a "hold" rating to a "buy" rating in a research note on Monday, April 28th.

Oil-Dri Co. of America Stock Up 0.2%

Shares of ODC stock traded up $0.11 during trading hours on Tuesday, hitting $48.44. 41,512 shares of the company were exchanged, compared to its average volume of 41,508. The business has a 50 day moving average of $44.77 and a two-hundred day moving average of $37.78. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a 52 week low of $29.47 and a 52 week high of $49.72. The company has a market capitalization of $706.98 million, a PE ratio of 15.65 and a beta of 0.54.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last posted its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The company had revenue of $116.91 million during the quarter.

Oil-Dri Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.28%. Oil-Dri Co. of America's payout ratio is presently 19.81%.

Insider Activity at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the sale, the director now owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.66% of the stock is owned by corporate insiders.

Oil-Dri Co. 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.