Oil-Dri Corporation Of America $ODC Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 79.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,648 shares of the specialty chemicals company’s stock after selling 68,749 shares during the quarter. ProShare Advisors LLC owned about 0.12% of Oil-Dri Corporation Of America worth $1,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter worth about $84,762,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth $11,267,000. Bard Associates Inc. bought a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth $10,071,000. Bank of New York Mellon Corp bought a new stake in shares of Oil-Dri Corporation Of America during the 2nd quarter worth $9,575,000. Finally, PDT Partners LLC bought a new position in Oil-Dri Corporation Of America in the second quarter valued at $3,353,000. 49.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ODC. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Tuesday, October 27th. Wall Street Zen downgraded Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy”.

Insider Activity at Oil-Dri Corporation Of America

In other news, VP Christopher Lamson sold 7,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $80.27, for a total transaction of $561,890.00. Following the completion of the sale, the vice president owned 4,453 shares of the company’s stock, valued at approximately $357,442.31. This represents a 61.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy Ryan sold 1,100 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $78.80, for a total transaction of $86,680.00. Following the completion of the sale, the director directly owned 2,800 shares in the company, valued at approximately $220,640. This trade represents a 28.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.69% of the company’s stock.

Oil-Dri Corporation Of America Trading Up 3.3%

NYSE:ODC traded up $2.26 during trading hours on Friday, reaching $70.88. The company’s stock had a trading volume of 74,437 shares, compared to its average volume of 142,437. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.28 and a current ratio of 3.07. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.72 and a beta of 0.84. The firm has a 50-day simple moving average of $83.17 and a 200-day simple moving average of $80.09. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $107.00.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its quarterly earnings data on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $129.29 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.31% and a net margin of 11.54%.

Oil-Dri Corporation Of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 6th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 22.50%.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer, industrial, agricultural and sports-related applications. Founded in 1941 and headquartered in Chicago, Illinois, the company processes clay and other mineral materials into products designed to absorb liquids, control odors, improve soil performance and support a range of commercial uses.

Its consumer products include cat litter and related pet-care products marketed under brands such as Cat’s Pride and Jonny Cat.