Oil-Dri Corporation Of America (NYSE:ODC) Rating Increased to Strong-Buy at Wall Street Zen

Oil-Dri Corporation Of America (NYSE:ODC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings raised shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Oil-Dri Corporation Of America has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Performance

Shares of NYSE:ODC opened at $95.40 on Friday. Oil-Dri Corporation Of America has a 52 week low of $45.61 and a 52 week high of $99.03. The stock has a market capitalization of $1.38 billion, a P/E ratio of 24.53 and a beta of 0.81. The firm has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $64.49. The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data on Monday, June 8th. The specialty chemicals company reported $1.00 EPS for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. The business had revenue of $126.33 million during the quarter. During the same period in the previous year, the business earned $0.80 earnings per share.

Insider Activity at Oil-Dri Corporation Of America

In related news, Director Ellen-Blair Chube sold 1,390 shares of Oil-Dri Corporation Of America stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $73.06, for a total transaction of $101,553.40. Following the completion of the transaction, the director directly owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. The trade was a 13.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.69% of the company’s stock.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

A number of large investors have recently made changes to their positions in ODC. Russell Investments Group Ltd. boosted its stake in shares of Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 183 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth about $45,000. Fifth Third Bancorp purchased a new position in shares of Oil-Dri Corporation Of America during the 1st quarter worth about $54,000. Legal & General Group Plc boosted its stake in shares of Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 178 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Oil-Dri Corporation Of America by 361.7% during the 4th quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company’s stock worth $91,000 after purchasing an additional 1,472 shares during the period. 49.01% of the stock is owned by hedge funds and other institutional investors.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.