Oil-Dri Co. of America (NYSE:ODC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,646 shares of the specialty chemicals company’s stock after selling 1,900 shares during the quarter. Renaissance Technologies LLC owned approximately 3.62% of Oil-Dri Co. of America worth $16,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Oil-Dri Co. of America by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 278,096 shares of the specialty chemicals company’s stock valued at $20,735,000 after acquiring an additional 3,676 shares during the period. American Century Companies Inc. increased its stake in shares of Oil-Dri Co. of America by 24.3% during the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after purchasing an additional 21,740 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Oil-Dri Co. of America by 7.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 68,400 shares of the specialty chemicals company’s stock worth $5,100,000 after purchasing an additional 4,900 shares during the last quarter. Cardinal Capital Management lifted its stake in Oil-Dri Co. of America by 1.1% in the 2nd quarter. Cardinal Capital Management now owns 46,239 shares of the specialty chemicals company’s stock valued at $2,963,000 after buying an additional 495 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Oil-Dri Co. of America by 1,617.3% in the 2nd quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company’s stock valued at $1,454,000 after buying an additional 21,364 shares in the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Oil-Dri Co. of America Trading Up 0.5 %

Shares of ODC stock opened at $69.02 on Friday. Oil-Dri Co. of America has a fifty-two week low of $54.80 and a fifty-two week high of $87.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 3.06. The stock’s fifty day moving average is $65.48 and its two-hundred day moving average is $69.71. The firm has a market capitalization of $502.88 million, a P/E ratio of 11.62 and a beta of 0.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.