Deutsche Bank AG Grows Holdings in Oil-Dri Corporation Of America $ODC

Deutsche Bank AG increased its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 216.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,866 shares of the specialty chemicals company’s stock after buying an additional 3,330 shares during the quarter. Deutsche Bank AG’s holdings in Oil-Dri Corporation Of America were worth $223,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Oil-Dri Corporation Of America by 119.3% during the first quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company’s stock worth $28,112,000 after acquiring an additional 333,053 shares during the period. Royce & Associates LP lifted its holdings in shares of Oil-Dri Corporation Of America by 102.4% in the 1st quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company’s stock valued at $15,429,000 after buying an additional 170,000 shares during the period. Needham Investment Management LLC lifted its holdings in shares of Oil-Dri Corporation Of America by 4.7% in the 4th quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company’s stock valued at $24,539,000 after buying an additional 12,500 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Oil-Dri Corporation Of America by 42.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 139,092 shares of the specialty chemicals company’s stock valued at $6,387,000 after buying an additional 41,212 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Oil-Dri Corporation Of America by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company’s stock worth $11,605,000 after purchasing an additional 7,606 shares during the period. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other news, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction 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 directly owned 11,453 shares in the company, valued at approximately $707,222.75. This trade represents a 17.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen-Blair Chube sold 2,500 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the transaction, the director owned 9,320 shares of the company’s stock, valued at approximately $520,335.60. This trade represents a 21.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,000 shares of company stock valued at $354,570 in the last quarter. Corporate insiders own 11.66% of the company’s stock.

Analyst Ratings Changes

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

Oil-Dri Corporation Of America Stock Up 0.4%

Shares of Oil-Dri Corporation Of America stock opened at $59.32 on Friday. The firm has a market cap of $868.50 million, a P/E ratio of 17.45 and a beta of 0.67. The business has a 50-day moving average price of $58.91 and a 200 day moving average price of $50.97. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Oil-Dri Corporation Of America has a fifty-two week low of $32.06 and a fifty-two week high of $63.82.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. The company had revenue of $115.50 million for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%.

Oil-Dri Corporation Of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 21.18%.

About Oil-Dri Corporation 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.