Oil-Dri Corporation Of America (NYSE:ODC) Downgraded by Wall Street Zen to “Buy”

Oil-Dri Corporation Of America (NYSE:ODC) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

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

Oil-Dri Corporation Of America Trading Down 0.2%

NYSE ODC opened at $94.91 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 24.40 and a beta of 0.81. The firm has a 50 day simple moving average of $79.03 and a 200-day simple moving average of $65.85. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $99.03.

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

Insider Activity

In other news, Director Ellen-Blair Chube sold 1,390 shares of Oil-Dri Corporation Of America stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the completion of the transaction, the director owned 8,930 shares in the company, valued at approximately $652,425.80. This trade represents a 13.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.69% of the company’s stock.

Institutional Trading of Oil-Dri Corporation Of America

Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its holdings in Oil-Dri Corporation Of America by 190.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company’s stock worth $3,231,000 after acquiring an additional 34,706 shares in the last quarter. American Century Companies Inc. increased its position in shares of Oil-Dri Corporation Of America by 9.6% in the 3rd quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock valued at $24,486,000 after purchasing an additional 35,302 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Oil-Dri Corporation Of America by 206.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,921 shares of the specialty chemicals company’s stock valued at $2,681,000 after purchasing an additional 29,583 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of Oil-Dri Corporation Of America in the 3rd quarter valued at $842,000. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Oil-Dri Corporation Of America by 12.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 141,178 shares of the specialty chemicals company’s stock valued at $6,909,000 after purchasing an additional 16,124 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

About Oil-Dri Corporation Of America

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.