Renaissance Technologies LLC lowered its stake in Oil-Dri Corporation Of America (NYSE:ODC – Free Report) by 6.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 422,392 shares of the specialty chemicals company’s stock after selling 30,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Oil-Dri Corporation Of America were worth $27,493,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ODC. Royal Bank of Canada increased its holdings in shares of Oil-Dri Corporation Of America by 79.0% during the 1st quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company’s stock valued at $1,460,000 after acquiring an additional 14,030 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Oil-Dri Corporation Of America by 108.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company’s stock worth $266,000 after purchasing an additional 3,010 shares during the period. Goldman Sachs Group Inc. boosted its position in Oil-Dri Corporation Of America by 122.6% during the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock worth $4,028,000 after purchasing an additional 48,309 shares during the period. Jane Street Group LLC grew its holdings in Oil-Dri Corporation Of America by 204.7% during the first quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company’s stock valued at $895,000 after purchasing an additional 13,099 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Oil-Dri Corporation Of America by 44.1% during the second quarter. JPMorgan Chase & Co. now owns 14,338 shares of the specialty chemicals company’s stock valued at $846,000 after purchasing an additional 4,386 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.
Oil-Dri Corporation Of America Price Performance
Shares of NYSE:ODC opened at $98.53 on Thursday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 25.33 and a beta of 0.77. The business has a 50 day moving average price of $93.43 and a 200 day moving average price of $75.67. The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14. 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 Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 7th. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. Oil-Dri Corporation Of America’s dividend payout ratio is currently 23.14%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ODC. Wall Street Zen upgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Analysis on Oil-Dri Corporation Of America
Oil-Dri Corporation Of America Company 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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