Allianz Asset Management GmbH Makes New $483,000 Investment in Oil-Dri Corporation Of America $ODC

Allianz Asset Management GmbH bought a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,905 shares of the specialty chemicals company’s stock, valued at approximately $483,000. Allianz Asset Management GmbH owned 0.05% of Oil-Dri Corporation Of America as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of ODC. Royal Bank of Canada grew its stake in Oil-Dri Corporation Of America by 79.0% in the first quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company’s stock worth $1,460,000 after purchasing an additional 14,030 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oil-Dri Corporation Of America by 108.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company’s stock worth $266,000 after buying an additional 3,010 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Oil-Dri Corporation Of America by 122.6% during the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock valued at $4,028,000 after buying an additional 48,309 shares during the period. Jane Street Group LLC increased its stake in shares of Oil-Dri Corporation Of America by 204.7% during the first quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company’s stock valued at $895,000 after buying an additional 13,099 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Oil-Dri Corporation Of America by 244.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 58,152 shares of the specialty chemicals company’s stock valued at $3,430,000 after acquiring an additional 41,276 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Analysts Set New Price Targets

ODC has been the topic of a number of research reports. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

NYSE ODC opened at $64.52 on Friday. The firm’s fifty day simple moving average is $54.67 and its two-hundred day simple moving average is $57.62. The firm has a market capitalization of $940.70 million, a P/E ratio of 17.73 and a beta of 0.78. The company has a current ratio of 3.34, a quick ratio of 2.23 and a debt-to-equity ratio of 0.15. Oil-Dri Corporation Of America has a 12-month low of $41.37 and a 12-month high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings data on Monday, December 8th. The specialty chemicals company reported $1.06 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.06% and a net margin of 11.10%.The firm had revenue of $120.49 million during the quarter. During the same period in the previous year, the business earned $2.25 EPS.

Oil-Dri Corporation Of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.205 per share. The ex-dividend date is Friday, February 20th. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.3%. Oil-Dri Corporation Of America’s payout ratio is presently 19.78%.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.