Vanguard Group Inc. lessened its position in shares of Oil-Dri Co. of America (NYSE:ODC - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 279,142 shares of the specialty chemicals company's stock after selling 6,032 shares during the quarter. Vanguard Group Inc. owned 1.91% of Oil-Dri Co. of America worth $24,464,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Oil-Dri Co. of America by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company's stock valued at $966,000 after purchasing an additional 469 shares during the period. FMR LLC grew its position in Oil-Dri Co. of America by 81.6% during the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 200 shares during the period. State Street Corp increased its holdings in Oil-Dri Co. of America by 2.1% during the third quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company's stock valued at $7,106,000 after buying an additional 2,114 shares during the last quarter. Barclays PLC raised its position in Oil-Dri Co. of America by 41.5% in the third quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company's stock worth $673,000 after acquiring an additional 2,859 shares during the period. Finally, Franklin Resources Inc. purchased a new position in shares of Oil-Dri Co. of America during the 3rd quarter worth $216,000. Hedge funds and other institutional investors own 49.01% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Friday, April 11th.
Read Our Latest Report on Oil-Dri Co. of America
Insider Buying and Selling at Oil-Dri Co. of America
In related news, Director Amy Ryan sold 2,100 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the transaction, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the sale, the vice president now directly owns 70,796 shares in the company, valued at $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is owned by company insiders.
Oil-Dri Co. of America Price Performance
ODC traded up $0.47 on Friday, hitting $43.39. 34,084 shares of the company's stock traded hands, compared to its average volume of 42,063. Oil-Dri Co. of America has a one year low of $29.47 and a one year high of $49.72. The company's 50 day simple moving average is $44.82 and its 200-day simple moving average is $33.78. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $633.32 million, a price-to-earnings ratio of 14.02 and a beta of 0.55.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.
Oil-Dri Co. of America Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America's dividend payout ratio is presently 19.81%.
Oil-Dri Co. of America Company Profile
(
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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