32,805 Shares in Oil-Dri Corporation Of America $ODC Acquired by PDT Partners LLC

PDT Partners LLC acquired a new stake in Oil-Dri Corporation Of America (NYSE:ODC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,805 shares of the specialty chemicals company’s stock, valued at approximately $3,353,000. PDT Partners LLC owned about 0.23% of Oil-Dri Corporation Of America as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ODC. BlackRock Inc. bought a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth $84,762,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Oil-Dri Corporation Of America in the second quarter valued at about $11,267,000. Bard Associates Inc. acquired a new position in Oil-Dri Corporation Of America in the second quarter valued at about $10,071,000. Bank of New York Mellon Corp bought a new position in Oil-Dri Corporation Of America during the second quarter worth about $9,575,000. Finally, Needham Investment Management LLC boosted its holdings in Oil-Dri Corporation Of America by 10.7% during the fourth quarter. Needham Investment Management LLC now owns 635,000 shares of the specialty chemicals company’s stock worth $31,077,000 after buying an additional 61,500 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Price Performance

NYSE ODC opened at $90.57 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 23.28 and a beta of 0.78. The business has a 50 day simple moving average of $96.83 and a 200 day simple moving average of $80.66. Oil-Dri Corporation Of America has a 52-week low of $45.61 and a 52-week high of $107.00.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its quarterly earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The firm had revenue of $126.33 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. During the same period in the previous year, the firm posted $0.80 EPS.

Oil-Dri Corporation Of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, August 7th. 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 dividend yield of 1.0%. Oil-Dri Corporation Of America’s payout ratio is currently 23.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ODC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.