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 “buy” rating to a “strong-buy” rating in a report released on Sunday.

Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Performance

Shares of Oil-Dri Corporation Of America stock traded up $2.32 during trading on Friday, hitting $104.88. 101,153 shares of the stock were exchanged, compared to its average volume of 111,718. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. Oil-Dri Corporation Of America has a 12 month low of $45.61 and a 12 month high of $106.84. The stock’s fifty day moving average is $87.39 and its 200 day moving average is $70.94. The stock has a market cap of $1.52 billion, a PE ratio of 26.96 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data 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 quarter in the prior year, the business earned $0.80 earnings per share.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other news, Director Ellen-Blair Chube sold 1,390 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $73.06, for a total value of $101,553.40. Following the completion of the sale, the director directly owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. This represents a 13.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.69% of the company’s stock.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in Oil-Dri Corporation Of America by 57.4% in the second 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. bought a new position in Oil-Dri Corporation Of America during the 2nd quarter valued at $45,000. Fifth Third Bancorp acquired a new position in shares of Oil-Dri Corporation Of America during the 1st quarter valued at $54,000. Legal & General Group Plc increased its position 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 valued at $63,000 after purchasing an additional 178 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Oil-Dri Corporation Of America by 361.7% in 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 buying an additional 1,472 shares in the last quarter. Institutional investors 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.