Oil-Dri Co. of America (NYSE:ODC) Stock Rating Upgraded by StockNews.com

Oil-Dri Co. of America (NYSE:ODC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Oil-Dri Co. of America Trading Up 1.7 %

Shares of Oil-Dri Co. of America stock opened at $46.50 on Wednesday. The stock has a market cap of $678.61 million, a P/E ratio of 15.02 and a beta of 0.44. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $49.72. The business’s 50 day moving average is $44.39 and its 200-day moving average is $30.30.

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

Insiders Place Their Bets

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 70,796 shares of the company’s stock, valued at $3,026,529. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the transaction, 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. Company insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Forum Financial Management LP bought a new stake in shares of Oil-Dri Co. of America during the fourth quarter worth approximately $571,000. Squarepoint Ops LLC boosted its stake in Oil-Dri Co. of America by 7.3% in the 4th quarter. Squarepoint Ops LLC now owns 13,546 shares of the specialty chemicals company’s stock valued at $1,187,000 after purchasing an additional 924 shares during the period. Two Sigma Advisers LP bought a new stake in Oil-Dri Co. of America in the 4th quarter valued at $228,000. Two Sigma Investments LP acquired a new position in Oil-Dri Co. of America in the 4th quarter valued at $522,000. Finally, ProShare Advisors LLC increased its position in Oil-Dri Co. of America by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company’s stock worth $11,605,000 after buying an additional 7,606 shares during the period. 49.01% of the stock is 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.