Oil-Dri Co. of America (NYSE:ODC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Oil-Dri Co. of America (NYSE:ODC) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,360 shares of the specialty chemicals company’s stock after purchasing an additional 1,199 shares during the quarter. Vanguard Group Inc.’s holdings in Oil-Dri Co. of America were worth $16,633,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ODC. UBS Group AG lifted its position in Oil-Dri Co. of America by 46.4% during the 4th quarter. UBS Group AG now owns 2,193 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 695 shares during the period. California State Teachers Retirement System acquired a new stake in Oil-Dri Co. of America during the 2nd quarter worth about $96,000. Bank of America Corp DE lifted its position in Oil-Dri Co. of America by 945.1% during the 1st quarter. Bank of America Corp DE now owns 2,550 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 2,306 shares during the period. SG Americas Securities LLC acquired a new stake in Oil-Dri Co. of America during the 3rd quarter worth about $110,000. Finally, BNP Paribas Arbitrage SNC lifted its position in Oil-Dri Co. of America by 5,743.8% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,870 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 1,838 shares during the period. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Stock Performance

Shares of ODC opened at $69.03 on Monday. The stock has a 50-day moving average of $70.26 and a two-hundred day moving average of $65.25. The stock has a market cap of $503.02 million, a P/E ratio of 11.30 and a beta of 0.65. Oil-Dri Co. of America has a one year low of $36.84 and a one year high of $78.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 3.02.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Thursday, March 7th. The specialty chemicals company reported $1.77 earnings per share for the quarter. The business had revenue of $105.67 million during the quarter. Oil-Dri Co. of America had a return on equity of 26.98% and a net margin of 10.14%.

Oil-Dri Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.68%. Oil-Dri Co. of America’s payout ratio is currently 18.99%.

Insider Buying and Selling at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Aaron Christiansen sold 1,070 shares of Oil-Dri Co. of America stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $66.31, for a total transaction of $70,951.70. Following the completion of the transaction, the vice president now owns 20,000 shares in the company, valued at approximately $1,326,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.