StockNews.com lowered shares of Oil-Dri Co. of America (NYSE:ODC – Free Report) from a buy rating to a hold rating in a report published on Tuesday morning.
Oil-Dri Co. of America Stock Up 1.6 %
ODC opened at $41.74 on Tuesday. The business’s fifty day simple moving average is $26.86 and its 200 day simple moving average is $20.15. Oil-Dri Co. of America has a 52 week low of $29.47 and a 52 week high of $46.50. The firm has a market cap of $609.20 million, a P/E ratio of 6.74 and a beta of 0.53. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 0.20.
Oil-Dri Co. of America (NYSE:ODC – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.
Oil-Dri Co. of America Cuts Dividend
Insider Activity at Oil-Dri Co. of America
In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 10,000 shares of Oil-Dri Co. of America stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $17.32, for a total value of $173,175.00. Following the completion of the sale, the vice president now owns 61,360 shares in the company, valued at $1,062,601.80. The trade was a 14.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.66% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ODC. FMR LLC increased its position in Oil-Dri Co. of America by 81.6% during the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after buying an additional 268 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Oil-Dri Co. of America by 5.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after buying an additional 271 shares during the last quarter. Foundry Partners LLC raised its position in shares of Oil-Dri Co. of America by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock worth $2,555,000 after buying an additional 350 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Oil-Dri Co. of America by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after acquiring an additional 469 shares during the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.
About Oil-Dri Co. of America
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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