Oil-Dri Co. of America (NYSE:ODC) Sets New 1-Year High – What’s Next?

Oil-Dri Co. of America (NYSE:ODC)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.16 and last traded at $70.16, with a volume of 574 shares. The stock had previously closed at $34.83.

Oil-Dri Co. of America Trading Up 100.9 %

The stock’s 50-day simple moving average is $68.76 and its two-hundred day simple moving average is $68.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.21 and a quick ratio of 1.39. The firm has a market capitalization of $510.08 million, a P/E ratio of 12.80 and a beta of 0.59.

Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%. The company had revenue of $113.70 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. Oil-Dri Co. of America’s payout ratio is 22.79%.

Insider Transactions at Oil-Dri Co. of America

In related news, VP Laura G. Scheland sold 2,500 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $69.27, for a total transaction of $173,175.00. Following the sale, the vice president now owns 15,340 shares of the company’s stock, valued at $1,062,601.80. This represents a 14.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.66% of the company’s stock.

Institutional Trading of Oil-Dri Co. of America

A number of large investors have recently made changes to their positions in ODC. FMR LLC grew its position in 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 worth $31,000 after acquiring an additional 200 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Oil-Dri Co. of America by 20.9% during the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 421 shares during the period. Blair William & Co. IL purchased a new stake in shares of Oil-Dri Co. of America in the first quarter valued at $204,000. Janus Henderson Group PLC purchased a new position in shares of Oil-Dri Co. of America during the 1st quarter worth about $245,000. Finally, Squarepoint Ops LLC raised its position in Oil-Dri Co. of America by 40.8% in the 2nd quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after purchasing an additional 1,383 shares during the period. 49.01% of the stock is currently owned by institutional investors.

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.