Oil-Dri Co. of America (ODC) Shares Sold by Uniplan Investment Counsel Inc.

Share on StockTwits

Uniplan Investment Counsel Inc. reduced its position in Oil-Dri Co. of America (NYSE:ODC) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,824 shares of the specialty chemicals company’s stock after selling 1,090 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Oil-Dri Co. of America were worth $2,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ODC. Bank of America Corp DE increased its stake in Oil-Dri Co. of America by 88.7% in the 2nd quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 1,399 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in Oil-Dri Co. of America in the 4th quarter valued at approximately $395,000. Cardinal Capital Management increased its stake in Oil-Dri Co. of America by 3.9% in the 4th quarter. Cardinal Capital Management now owns 34,421 shares of the specialty chemicals company’s stock valued at $912,000 after purchasing an additional 1,288 shares in the last quarter. Geode Capital Management LLC increased its stake in Oil-Dri Co. of America by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 42,678 shares of the specialty chemicals company’s stock valued at $1,130,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Oil-Dri Co. of America by 6.7% in the 4th quarter. Bank of New York Mellon Corp now owns 58,723 shares of the specialty chemicals company’s stock valued at $1,556,000 after purchasing an additional 3,690 shares in the last quarter. 52.49% of the stock is owned by hedge funds and other institutional investors.

NYSE ODC opened at $31.33 on Friday. 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 market capitalization of $233.69 million, a P/E ratio of 22.48 and a beta of 0.96. The company has a quick ratio of 1.67, a current ratio of 2.65 and a debt-to-equity ratio of 0.02.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.06%. The ex-dividend date is Thursday, May 16th.

Separately, ValuEngine downgraded Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th.

In other news, Director Allan H. Selig acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of $25.90 per share, with a total value of $25,900.00. Following the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $984,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.04% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Oil-Dri Co. of America (ODC) Shares Sold by Uniplan Investment Counsel Inc.” was published by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://weekherald.com/2019/03/17/oil-dri-co-of-america-odc-shares-sold-by-uniplan-investment-counsel-inc.html.

About Oil-Dri Co. of America

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.

Recommended Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

Want to see what other hedge funds are holding ODC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oil-Dri Co. of America (NYSE:ODC).

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

Receive News & Ratings for Oil-Dri Co. of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil-Dri Co. of America and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply