Oil-Dri Co. of America (NYSE:ODC) Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 418,575 shares of the specialty chemicals company’s stock after acquiring an additional 8,711 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Oil-Dri Co. of America worth $11,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in Oil-Dri Co. of America by 2.6% during the 4th quarter. BlackRock Inc. now owns 264,223 shares of the specialty chemicals company’s stock worth $7,002,000 after buying an additional 6,755 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Oil-Dri Co. of America in the 4th quarter valued at about $395,000. Vanguard Group Inc. increased its stake in Oil-Dri Co. of America by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 228,213 shares of the specialty chemicals company’s stock worth $8,799,000 after buying an additional 8,691 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Oil-Dri Co. of America by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 58,723 shares of the specialty chemicals company’s stock worth $1,556,000 after buying an additional 3,690 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Oil-Dri Co. of America by 29.4% in the fourth quarter. Bank of America Corp DE now owns 5,724 shares of the specialty chemicals company’s stock valued at $152,000 after purchasing an additional 1,302 shares in the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Shares of ODC stock opened at $29.10 on Wednesday. The stock has a market cap of $218.77 million, a price-to-earnings ratio of 22.96 and a beta of 0.97. Oil-Dri Co. of America has a 1 year low of $24.25 and a 1 year high of $46.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.65.

Oil-Dri Co. of America (NYSE:ODC) last announced its earnings results on Monday, March 11th. The specialty chemicals company reported $0.30 earnings per share for the quarter. The business had revenue of $69.88 million during the quarter. Oil-Dri Co. of America had a net margin of 3.56% and a return on equity of 7.22%.

Separately, ValuEngine upgraded Oil-Dri Co. of America from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.

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Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Oil-Dri Co. of America (NYSE:ODC)

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