Oil-Dri Co. of America (NYSE:ODC) Stock Rating Lowered by StockNews.com

Oil-Dri Co. of America (NYSE:ODC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Oil-Dri Co. of America Price Performance

Shares of ODC stock opened at $62.20 on Tuesday. The business has a fifty day simple moving average of $74.26 and a 200 day simple moving average of $71.06. Oil-Dri Co. of America has a twelve month low of $54.80 and a twelve month high of $87.32. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $453.44 million, a P/E ratio of 10.47 and a beta of 0.62.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Thursday, June 6th. The specialty chemicals company reported $1.07 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 22.80% and a net margin of 9.93%. The company had revenue of $106.78 million for the quarter.

Insider Activity at Oil-Dri Co. of America

In other news, Director George C. Roeth sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $65.00, for a total value of $97,500.00. Following the transaction, the director now owns 4,000 shares in the company, valued at approximately $260,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oil-Dri Co. of America

Institutional investors and hedge funds have recently made changes to their positions in the stock. Miracle Mile Advisors LLC acquired a new position in shares of Oil-Dri Co. of America during the fourth quarter valued at about $939,000. SG Americas Securities LLC boosted its position in shares of Oil-Dri Co. of America by 27.9% during the fourth quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 498 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Oil-Dri Co. of America by 0.8% during the fourth quarter. Foundry Partners LLC now owns 78,625 shares of the specialty chemicals company’s stock valued at $5,274,000 after buying an additional 640 shares during the last quarter. Vanguard Group Inc. grew its holdings in Oil-Dri Co. of America by 0.4% during the third quarter. Vanguard Group Inc. now owns 269,360 shares of the specialty chemicals company’s stock worth $16,633,000 after buying an additional 1,199 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in Oil-Dri Co. of America in the 3rd quarter valued at $1,147,000. Institutional investors own 49.01% of the company’s stock.

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.