Dimensional Fund Advisors LP Sells 505 Shares of Oil-Dri Co. of America (NYSE:ODC)

Dimensional Fund Advisors LP trimmed its position in Oil-Dri Co. of America (NYSE:ODC) by 0.1% in the 2nd quarter, Holdings Channel reports. The firm owned 377,643 shares of the specialty chemicals company’s stock after selling 505 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Oil-Dri Co. of America worth $24,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ODC. American Century Companies Inc. grew its position in Oil-Dri Co. of America by 24.3% during the 2nd quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after acquiring an additional 21,740 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Oil-Dri Co. of America by 1,617.3% during 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 purchasing an additional 21,364 shares in the last quarter. Rhumbline Advisers increased its position in shares of Oil-Dri Co. of America by 19.4% during the second quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock valued at $440,000 after buying an additional 1,115 shares during the period. Ellsworth Advisors LLC raised its stake in Oil-Dri Co. of America by 6.6% in the second quarter. Ellsworth Advisors LLC now owns 7,453 shares of the specialty chemicals company’s stock worth $478,000 after buying an additional 459 shares in the last quarter. Finally, Cardinal Capital Management lifted its holdings in Oil-Dri Co. of America by 1.1% in the second quarter. Cardinal Capital Management now owns 46,239 shares of the specialty chemicals company’s stock worth $2,963,000 after buying an additional 495 shares during the period. 49.01% of the stock is currently owned by institutional investors.

Oil-Dri Co. of America Trading Down 1.9 %

NYSE:ODC opened at $65.76 on Friday. The business has a fifty day moving average price of $66.25 and a 200-day moving average price of $69.51. Oil-Dri Co. of America has a one year low of $54.80 and a one year high of $87.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18. The firm has a market capitalization of $479.13 million, a price-to-earnings ratio of 11.07 and a beta of 0.59.

Analysts Set New Price Targets

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

Oil-Dri Co. of America Company Profile

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.