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 stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the sale, the vice president now directly owns 70,796 shares of the company’s stock, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oil-Dri Co. of America Stock Performance

ODC stock opened at $42.65 on Monday. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $46.50. The firm has a market cap of $622.70 million, a price-to-earnings ratio of 13.78 and a beta of 0.53. The business’s fifty day simple moving average is $30.86 and its two-hundred day simple moving average is $21.70. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings results 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 announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.155 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.45%. Oil-Dri Co. of America’s dividend payout ratio is currently 20.03%.

Institutional Trading of Oil-Dri Co. of America

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $166,000 after buying an additional 268 shares during the period. Franklin Resources Inc. bought a new position in shares of Oil-Dri Co. of America during the 3rd quarter worth $216,000. Janus Henderson Group PLC increased its stake in shares of 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 valued at $293,000 after buying an additional 986 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of 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 valued at $306,000 after acquiring an additional 1,383 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

About Oil-Dri Co. of America

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.