Oil-Dri Co. of America (NYSE:ODC) VP Christopher B. Lamson Sells 3,154 Shares

Oil-Dri Co. of America (NYSE:ODC) VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the transaction, the vice president now directly owns 70,796 shares in the company, valued at $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Oil-Dri Co. of America Stock Up 0.3 %

Shares of NYSE ODC opened at $42.65 on Friday. Oil-Dri Co. of America has a 12 month low of $29.47 and a 12 month high of $46.50. The firm has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $21.60. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $622.70 million, a PE ratio of 13.78 and a beta of 0.53.

Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.155 per share. The ex-dividend date is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.45%. Oil-Dri Co. of America’s payout ratio is 20.03%.

Institutional Trading of Oil-Dri Co. of America

Hedge funds have recently bought and sold shares of the company. FMR LLC grew its holdings in Oil-Dri Co. of America by 81.6% during 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 period. JPMorgan Chase & Co. increased its stake in shares of Oil-Dri Co. of America by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 268 shares in the last quarter. Franklin Resources Inc. bought a new stake in Oil-Dri Co. of America during the 3rd quarter valued at approximately $216,000. Janus Henderson Group PLC lifted its stake in Oil-Dri Co. of America by 30.2% in the 3rd quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after purchasing an additional 986 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position 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 valued at $306,000 after purchasing an additional 1,383 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Analysts Set New Price Targets

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.