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

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

ODC stock opened at $61.66 on Tuesday. Oil-Dri Co. of America has a 52 week low of $54.80 and a 52 week 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 fifty day simple moving average of $73.93 and a two-hundred day simple moving average of $70.95. The firm has a market capitalization of $449.50 million, a P/E ratio of 10.38 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 net margin of 9.93% and a return on equity of 22.80%. The business had revenue of $106.78 million during the quarter.

Insider Activity

In other news, Director George C. Roeth sold 1,500 shares of the stock in a transaction 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 sale, the director now owns 4,000 shares of the company’s stock, valued at $260,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ODC. AJOVista LLC purchased a new position in Oil-Dri Co. of America in the 4th quarter worth about $60,000. Tower Research Capital LLC TRC increased its stake in Oil-Dri Co. of America by 127.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the specialty chemicals company’s stock worth $84,000 after buying an additional 699 shares during the period. SG Americas Securities LLC increased its stake in Oil-Dri Co. of America by 27.9% in the 4th quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 498 shares during the period. Strs Ohio increased its stake in Oil-Dri Co. of America by 91.7% in the 4th quarter. Strs Ohio now owns 2,300 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 1,100 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Oil-Dri Co. of America by 20.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 421 shares during the period. Hedge funds and other 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.