Dynamic Technology Lab Private Ltd Buys Shares of 8,976 Oil-Dri Corporation Of America $ODC

Dynamic Technology Lab Private Ltd purchased a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,976 shares of the specialty chemicals company’s stock, valued at approximately $548,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Oil-Dri Corporation Of America as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in Oil-Dri Corporation Of America by 57.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 183 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Oil-Dri Corporation Of America in the second quarter valued at about $45,000. Ameritas Investment Partners Inc. grew its position in Oil-Dri Corporation Of America by 25.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,013 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 203 shares during the last quarter. Legal & General Group Plc grew its holdings in Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after acquiring an additional 178 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Oil-Dri Corporation Of America in the third quarter valued at approximately $67,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America Price Performance

ODC stock opened at $64.82 on Wednesday. The company’s 50-day moving average price is $59.81 and its two-hundred day moving average price is $58.45. The firm has a market cap of $945.06 million, a P/E ratio of 17.81 and a beta of 0.77. The company has a quick ratio of 2.23, a current ratio of 3.34 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 $70.01.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ODC. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Monday, December 22nd. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Oil-Dri Corporation Of America 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.