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

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

Oil-Dri Co. of America Stock Up 0.3 %

Shares of ODC opened at $42.65 on Friday. The stock’s 50-day moving average price is $30.86 and its two-hundred day moving average price is $21.65. Oil-Dri Co. of America has a 12 month low of $29.47 and a 12 month high of $46.50. The company has a market capitalization of $622.70 million, a PE ratio of 13.78 and a beta of 0.53. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last posted 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 return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend 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%.

Hedge Funds Weigh In On Oil-Dri Co. of America

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position 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 acquiring an additional 200 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Oil-Dri Co. of America by 12.6% in the 3rd 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 during the period. Franklin Resources Inc. bought a new stake in shares of Oil-Dri Co. of America during the 3rd quarter valued at about $216,000. Janus Henderson Group PLC grew its stake in Oil-Dri Co. of America by 30.2% during the third 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 period. Finally, Squarepoint Ops LLC increased its holdings in Oil-Dri Co. of America by 40.8% in the second quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a 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.