Oil-Dri Co. of America (NYSE:ODC) Upgraded to “Buy” by StockNews.com

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

Oil-Dri Co. of America Stock Up 1.7 %

Shares of NYSE:ODC traded up $1.07 during midday trading on Monday, reaching $63.59. The company had a trading volume of 34,214 shares, compared to its average volume of 17,211. The stock’s fifty day moving average price is $74.87 and its 200-day moving average price is $71.10. Oil-Dri Co. of America has a one year low of $53.76 and a one year high of $87.32. The stock has a market capitalization of $463.57 million, a P/E ratio of 10.71 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18.

Insider Activity

In other news, Director George C. Roeth sold 1,500 shares of Oil-Dri Co. of America stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $260,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.28% of the stock is currently owned by insiders.

Institutional Trading of Oil-Dri Co. of America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Oil-Dri Co. of America by 5.9% in the 3rd quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock valued at $307,000 after acquiring an additional 278 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Oil-Dri Co. of America during the 3rd quarter worth approximately $425,000. Acadian Asset Management LLC lifted its stake in shares of Oil-Dri Co. of America by 78.9% in the third quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company’s stock worth $1,959,000 after acquiring an additional 14,030 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Oil-Dri Co. of America by 6.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,550 shares of the specialty chemicals company’s stock worth $775,000 after acquiring an additional 739 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Oil-Dri Co. of America during the 3rd quarter valued at $466,000. 49.01% of the stock is owned by institutional investors.

About Oil-Dri Co. of America

(Get Free Report)

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.

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