Oil-Dri Co. of America (NYSE:ODC) Lowered to Hold Rating by 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 research note issued on Friday.

Oil-Dri Co. of America Stock Up 0.7 %

Shares of Oil-Dri Co. of America stock opened at $43.94 on Friday. The business’s 50 day simple moving average is $42.88 and its 200 day simple moving average is $26.38. Oil-Dri Co. of America has a 52-week low of $29.47 and a 52-week high of $46.50. The firm has a market cap of $641.30 million, a PE ratio of 14.20 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Insiders Place Their Bets

In other news, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares in the company, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Ryan sold 2,100 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 3,900 shares of the company’s stock, valued at $162,942. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.66% of the company’s stock.

Institutional Trading of Oil-Dri Co. of America

Several institutional investors have recently added to or reduced their stakes in ODC. Royce & Associates LP boosted its stake in Oil-Dri Co. of America by 1.4% in the 3rd quarter. Royce & Associates LP now owns 162,000 shares of the specialty chemicals company’s stock valued at $11,176,000 after purchasing an additional 2,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Oil-Dri Co. of America by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock valued at $379,000 after purchasing an additional 271 shares during the period. Moran Wealth Management LLC bought a new stake in Oil-Dri Co. of America in the 3rd quarter valued at $606,000. Foundry Partners LLC lifted its position in shares of Oil-Dri Co. of America by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock valued at $2,555,000 after acquiring an additional 350 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Oil-Dri Co. of America by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after acquiring an additional 469 shares during the period. 49.01% of the stock is currently owned by institutional investors.

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.