Oil-Dri Co. of America (NYSE:ODC) Director Sells $87,738.00 in Stock

Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Oil-Dri Co. of America Stock Performance

Shares of ODC stock opened at $42.65 on Monday. The company has a fifty day moving average price of $30.86 and a two-hundred day moving average price of $21.70. Oil-Dri Co. of America has a one year low of $29.47 and a one year high of $46.50. The stock has a market cap of $622.70 million, a P/E ratio of 13.78 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, February 21st. Oil-Dri Co. of America’s payout ratio is presently 20.03%.

Institutional Investors Weigh In On Oil-Dri Co. of America

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Oil-Dri Co. of America by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after buying an additional 268 shares during the last quarter. Franklin Resources Inc. bought a new position in Oil-Dri Co. of America in the 3rd quarter valued at about $216,000. Janus Henderson Group PLC lifted its position in Oil-Dri Co. of America by 30.2% during the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after acquiring an additional 986 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Oil-Dri Co. of America by 40.8% during the second quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after acquiring an additional 1,383 shares during the period. Institutional investors own 49.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

Oil-Dri Co. of America Company Profile

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments. The Business to Business Products Group segment’s customers include processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products.