StockNews.com Lowers Oil-Dri Co. of America (NYSE:ODC) to Hold

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

Oil-Dri Co. of America Price Performance

Shares of NYSE ODC opened at $62.20 on Tuesday. The company has a 50 day moving average of $74.26 and a 200 day moving average of $71.06. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a twelve month low of $54.80 and a twelve month high of $87.32. The firm 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 EPS 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 during the quarter.

Insiders Place Their Bets

In other Oil-Dri Co. of America news, Director George C. Roeth sold 1,500 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at approximately $260,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oil-Dri Co. of America

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC bought a new stake in Oil-Dri Co. of America during the 1st quarter worth approximately $245,000. Hillsdale Investment Management Inc. boosted its holdings in Oil-Dri Co. of America by 7.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 68,400 shares of the specialty chemicals company’s stock worth $5,100,000 after buying an additional 4,900 shares during the period. Vanguard Group Inc. increased 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 worth $20,735,000 after buying an additional 3,676 shares in the last quarter. Blair William & Co. IL bought a new stake in Oil-Dri Co. of America during the first quarter valued at about $204,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Oil-Dri Co. of America by 9.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,490 shares of the specialty chemicals company’s stock valued at $633,000 after acquiring an additional 705 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 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.