Charles Schwab Investment Management Inc. Has $1.19 Million Position in Oil-Dri Co. of America (NYSE:ODC)

Charles Schwab Investment Management Inc. decreased its stake in Oil-Dri Co. of America (NYSE:ODC) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,613 shares of the specialty chemicals company’s stock after selling 396 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of Oil-Dri Co. of America worth $1,193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ODC. FMR LLC raised its holdings in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Oil-Dri Co. of America by 12.6% in the third 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. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Oil-Dri Co. of America by 5.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after buying an additional 271 shares during the period. Janus Henderson Group PLC grew its position in shares of Oil-Dri Co. of America by 30.2% in the 3rd 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 last quarter. Finally, State Street Corp raised its position in shares of Oil-Dri Co. of America by 2.1% during the third quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock worth $7,106,000 after acquiring an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Price Performance

Shares of NYSE:ODC opened at $45.67 on Friday. The stock’s 50 day moving average is $44.45 and its 200-day moving average is $30.60. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $49.72. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $666.50 million, a price-to-earnings ratio of 14.75 and a beta of 0.44.

Oil-Dri Co. of America (NYSE:ODC) last posted its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The company had revenue of $116.91 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 dividend on an annualized basis and a yield of 1.36%. Oil-Dri Co. of America’s dividend payout ratio (DPR) is presently 19.81%.

Analyst Ratings Changes

Separately, StockNews.com raised Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insiders Place Their Bets

In related news, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the sale, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy Ryan sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the transaction, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.66% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.