Quantbot Technologies LP Buys New Holdings in Oil-Dri Corporation Of America $ODC

Quantbot Technologies LP purchased a new position in Oil-Dri Corporation Of America (NYSE:ODC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,910 shares of the specialty chemicals company’s stock, valued at approximately $1,115,000. Quantbot Technologies LP owned 0.08% of Oil-Dri Corporation Of America at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ODC. Russell Investments Group Ltd. lifted its stake in Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 183 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Oil-Dri Corporation Of America in the second quarter worth $45,000. Fifth Third Bancorp purchased a new position in shares of Oil-Dri Corporation Of America during the first quarter worth $54,000. Trust Co. of Vermont purchased a new position in shares of Oil-Dri Corporation Of America during the second quarter worth $61,000. Finally, Legal & General Group Plc lifted its position in Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Price Performance

Shares of NYSE ODC opened at $92.04 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 23.66 and a beta of 0.78. The firm’s 50 day simple moving average is $96.87 and its 200-day simple moving average is $80.47. Oil-Dri Corporation Of America has a 12 month low of $45.61 and a 12 month 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 (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. The firm had revenue of $126.33 million for the quarter. During the same period last year, the company posted $0.80 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.225 per share. The ex-dividend date was Friday, August 7th. This is a positive change 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 dividend payout ratio (DPR) is presently 23.14%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ODC shares. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Oil-Dri Corporation Of America 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.