Legal & General Group Plc Takes $1.20 Million Position in Oil-Dri Corporation Of America $ODC

Legal & General Group Plc purchased a new stake in Oil-Dri Corporation Of America (NYSE:ODC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,733 shares of the specialty chemicals company’s stock, valued at approximately $1,199,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Oil-Dri Corporation Of America during the 2nd quarter valued at about $84,762,000. Vanguard Group Inc. lifted its position in shares of Oil-Dri Corporation Of America by 1.4% in the third quarter. Vanguard Group Inc. now owns 641,978 shares of the specialty chemicals company’s stock worth $39,186,000 after purchasing an additional 8,951 shares in the last quarter. Needham Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 61,500 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Oil-Dri Corporation Of America by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 273,483 shares of the specialty chemicals company’s stock worth $13,386,000 after purchasing an additional 10,102 shares during the period. Finally, State Street Corp grew its position in Oil-Dri Corporation Of America by 3.2% during the fourth quarter. State Street Corp now owns 223,605 shares of the specialty chemicals company’s stock valued at $10,943,000 after purchasing an additional 7,005 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ODC shares. 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 cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Oil-Dri Corporation Of America presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

Shares of ODC stock opened at $87.80 on Monday. The stock’s fifty day moving average is $95.87 and its 200-day moving average is $81.91. The stock has a market capitalization of $1.27 billion, a PE ratio of 22.57 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. 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 data on Monday, June 8th. The specialty chemicals company reported $1.00 EPS for the quarter. The firm had revenue of $126.33 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.During the same quarter in the previous year, the business posted $0.80 earnings per share.

About Oil-Dri Corporation Of America

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.