Insider Selling: Oil-Dri Co. of America (NYSE:ODC) VP Sells 3,154 Shares of Stock

Oil-Dri Co. of America (NYSE:ODC) VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares of the company’s stock, valued at approximately $3,026,529. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Oil-Dri Co. of America Price Performance

ODC opened at $42.65 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The firm has a market capitalization of $622.70 million, a PE ratio of 13.78 and a beta of 0.53. The business’s 50-day moving average is $30.86 and its two-hundred day moving average is $21.60. Oil-Dri Co. of America has a 1 year low of $29.47 and a 1 year high of $46.50.

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

Institutional Investors Weigh In On Oil-Dri Co. of America

Several hedge funds have recently bought and sold shares of ODC. FMR LLC raised its holdings in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 200 shares during the period. JPMorgan Chase & Co. lifted its holdings in Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after purchasing an additional 268 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Oil-Dri Co. of America in the third quarter valued at about $216,000. Janus Henderson Group PLC raised its position in shares of Oil-Dri Co. of America by 30.2% during 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 during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings 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 buying an additional 1,383 shares during 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 downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report 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.