Gamco Investors INC. ET AL decreased its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC – Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 782,450 shares of the specialty chemicals company’s stock after selling 6,800 shares during the period. Gamco Investors INC. ET AL owned about 0.05% of Oil-Dri Corporation Of America worth $50,930,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Oil-Dri Corporation Of America by 17.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 85,264 shares of the specialty chemicals company’s stock worth $5,550,000 after purchasing an additional 12,462 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in Oil-Dri Corporation Of America during the first quarter valued at approximately $212,000. Fifth Third Bancorp acquired a new stake in Oil-Dri Corporation Of America during the first quarter valued at approximately $54,000. Barnett & Company Inc. raised its stake in Oil-Dri Corporation Of America by 116.5% during the first quarter. Barnett & Company Inc. now owns 26,850 shares of the specialty chemicals company’s stock valued at $1,748,000 after buying an additional 14,450 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Oil-Dri Corporation Of America by 52.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 8,580 shares of the specialty chemicals company’s stock worth $558,000 after buying an additional 2,960 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.
Analyst Ratings Changes
ODC has been the subject of several research reports. Weiss Ratings upgraded Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen raised Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Oil-Dri Corporation Of America Stock Up 2.1%
Shares of Oil-Dri Corporation Of America stock opened at $98.41 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $91.93 and its 200-day simple moving average is $74.42. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.30 and a beta of 0.77. Oil-Dri Corporation Of America has a twelve month low of $45.61 and a twelve month high of $107.00.
Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.The business had revenue of $126.33 million for the quarter. During the same period last year, the business posted $0.80 EPS.
Oil-Dri Corporation Of America Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.225 dividend. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 7th. Oil-Dri Corporation Of America’s dividend payout ratio is 21.08%.
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.
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