Oil-Dri Corporation Of America $ODC Stock Holdings Lessened by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 25.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,577 shares of the specialty chemicals company’s stock after selling 11,374 shares during the period. ProShare Advisors LLC owned about 0.22% of Oil-Dri Corporation Of America worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Oil-Dri Corporation Of America by 10.5% during the second quarter. American Century Companies Inc. now owns 365,850 shares of the specialty chemicals company’s stock valued at $21,581,000 after purchasing an additional 34,767 shares during the last quarter. Geode Capital Management LLC lifted its stake in Oil-Dri Corporation Of America by 3.4% during the second quarter. Geode Capital Management LLC now owns 237,607 shares of the specialty chemicals company’s stock valued at $14,019,000 after buying an additional 7,812 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Oil-Dri Corporation Of America by 51.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 88,177 shares of the specialty chemicals company’s stock worth $5,382,000 after buying an additional 30,025 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock worth $4,028,000 after buying an additional 48,309 shares during the period. Finally, CSM Advisors LLC purchased a new position in shares of Oil-Dri Corporation Of America in the second quarter worth approximately $3,156,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America Stock Performance

ODC stock opened at $64.52 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.23 and a current ratio of 3.34. The stock has a market cap of $940.70 million, a P/E ratio of 17.73 and a beta of 0.78. The firm has a 50 day simple moving average of $54.67 and a 200 day simple moving average of $57.62. Oil-Dri Corporation Of America has a 52 week low of $41.37 and a 52 week high of $69.75.

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

Oil-Dri Corporation Of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend 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 yield of 1.3%. Oil-Dri Corporation Of America’s payout ratio is 19.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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 reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

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.