Oil-Dri Corporation Of America $ODC Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in Oil-Dri Corporation Of America (NYSE:ODC) by 122.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,725 shares of the specialty chemicals company’s stock after buying an additional 48,309 shares during the quarter. Goldman Sachs Group Inc. owned 0.60% of Oil-Dri Corporation Of America worth $4,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Trust Co. of Vermont lifted its holdings in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 300 shares during the period. MAI Capital Management increased its stake in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock valued at $53,000 after purchasing an additional 580 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Oil-Dri Corporation Of America in the 1st quarter valued at about $105,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Insider Activity at Oil-Dri Corporation Of America

In related news, VP Christopher B. Lamson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value 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 represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Ryan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $175,798. This represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,000 shares of company stock worth $354,570. Insiders own 11.66% of the company’s stock.

Analyst Ratings Changes

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

Oil-Dri Corporation Of America Trading Up 0.2%

Shares of Oil-Dri Corporation Of America stock opened at $67.79 on Thursday. The stock has a market cap of $992.45 million, a P/E ratio of 19.94 and a beta of 0.69. The stock’s 50 day simple moving average is $60.43 and its 200-day simple moving average is $52.83. Oil-Dri Corporation Of America has a 1-year low of $32.15 and a 1-year high of $69.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85.

Oil-Dri Corporation 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.