Barclays PLC Acquires 923 Shares of Oil-Dri Co. of America (NYSE:ODC)

Barclays PLC raised its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,666 shares of the specialty chemicals company’s stock after buying an additional 923 shares during the period. Barclays PLC owned about 0.07% of Oil-Dri Co. of America worth $934,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Oil-Dri Co. of America by 12.6% in 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. Victory Capital Management Inc. grew its holdings in Oil-Dri Co. of America by 17.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company’s stock valued at $2,348,000 after purchasing an additional 4,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Oil-Dri Co. of America by 18.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company’s stock worth $570,000 after buying an additional 1,000 shares in the last quarter. Royce & Associates LP raised its stake in shares of Oil-Dri Co. 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 buying an additional 4,000 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Oil-Dri Co. of America by 11.5% during the 4th quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company’s stock valued at $12,816,000 after buying an additional 15,041 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, Director Ellen-Blair Chube sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the transaction, the director now owns 11,820 shares in the company, valued at $502,468.20. This trade represents a 22.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 0.1 %

ODC opened at $43.72 on Tuesday. The stock has a market cap of $638.02 million, a price-to-earnings ratio of 14.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63. The firm’s fifty day moving average is $44.63 and its 200 day moving average is $35.73. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $49.72.

Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 EPS for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The business had revenue of $116.91 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 annualized dividend and a yield of 1.42%. Oil-Dri Co. of America’s payout ratio is 19.81%.

About Oil-Dri Co. of America

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.