Allspring Global Investments Holdings LLC Increases Stake in Oil-Dri Co. of America (NYSE:ODC)

Allspring Global Investments Holdings LLC increased its position in shares of Oil-Dri Co. of America (NYSE:ODC) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,114 shares of the specialty chemicals company’s stock after purchasing an additional 3,420 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oil-Dri Co. of America were worth $1,148,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Oil-Dri Co. of America during the third quarter valued at $110,000. Arete Wealth Advisors LLC purchased a new position in Oil-Dri Co. of America in the third quarter valued at about $249,000. Barclays PLC grew its stake in Oil-Dri Co. of America by 5.9% in the third quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock valued at $307,000 after purchasing an additional 278 shares during the last quarter. Alps Advisors Inc. purchased a new position in Oil-Dri Co. of America in the third quarter valued at about $340,000. Finally, Ellsworth Advisors LLC purchased a new position in Oil-Dri Co. of America in the third quarter valued at about $363,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Co. of America Price Performance

ODC opened at $70.29 on Wednesday. The business’s 50-day moving average is $70.82 and its two-hundred day moving average is $65.61. Oil-Dri Co. of America has a 1 year low of $36.84 and a 1 year high of $78.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.02 and a quick ratio of 2.02. The firm has a market capitalization of $512.41 million, a PE ratio of 11.50 and a beta of 0.65.

Oil-Dri Co. of America (NYSE:ODC) last posted its earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 26.98% and a net margin of 10.14%. The company had revenue of $105.67 million for the quarter.

Oil-Dri Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, May 9th. Oil-Dri Co. of America’s dividend payout ratio is presently 18.99%.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.