Oil-Dri Corporation Of America $ODC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,802 shares of the specialty chemicals company’s stock after selling 15,375 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.50% of Oil-Dri Corporation Of America worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Oil-Dri Corporation Of America by 57.4% during 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at approximately $45,000. Legal & General Group Plc grew its stake in shares of Oil-Dri Corporation Of America by 20.1% in the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after buying an additional 178 shares during the period. Copeland Capital Management LLC purchased a new stake in shares of Oil-Dri Corporation Of America in the 3rd quarter valued at approximately $67,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of Oil-Dri Corporation Of America in the 3rd quarter valued at approximately $96,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Insider Activity at Oil-Dri Corporation Of America

In other news, Director Paul Hindsley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $63.90, for a total value of $383,400.00. Following the transaction, the director directly owned 11,000 shares in the company, valued at approximately $702,900. This represents a 35.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research note on Friday, March 27th. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Up 0.5%

Shares of ODC opened at $68.25 on Wednesday. The firm has a market cap of $988.26 million, a P/E ratio of 18.50 and a beta of 0.79. Oil-Dri Corporation Of America has a 12-month low of $41.37 and a 12-month high of $70.01. The company’s 50-day moving average price is $64.11 and its 200 day moving average price is $58.52. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14.

Oil-Dri Corporation Of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 8th. Oil-Dri Corporation Of America’s dividend payout ratio is currently 22.22%.

About Oil-Dri Corporation Of America

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.