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

Oil-Dri Co. of America (NYSE:ODC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Oil-Dri Co. of America Trading Up 0.1 %

NYSE:ODC opened at $43.32 on Friday. The stock has a market cap of $632.23 million, a PE ratio of 14.00 and a beta of 0.55. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $49.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The stock’s 50-day moving average is $44.78 and its two-hundred day moving average is $32.75.

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

Insider Transactions at Oil-Dri Co. of America

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

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

A number of hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of 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 worth $31,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC raised its position in Oil-Dri Co. of America by 9,083.3% in the 1st quarter. GAMMA Investing LLC now owns 2,755 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 2,725 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $166,000 after purchasing an additional 268 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Oil-Dri Co. of America by 973.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock worth $189,000 after purchasing an additional 1,956 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Oil-Dri Co. of America in the third quarter valued at $216,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

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.