StockNews.com upgraded shares of Oil-Dri Co. of America (NYSE:ODC - Free Report) from a hold rating to a buy rating in a report published on Wednesday morning.
Oil-Dri Co. of America Stock Performance
Shares of ODC traded down $0.78 during trading hours on Wednesday, hitting $45.67. The stock had a trading volume of 21,656 shares, compared to its average volume of 41,728. Oil-Dri Co. of America has a 12 month low of $29.47 and a 12 month high of $49.72. The stock has a fifty day moving average price of $44.45 and a 200 day moving average price of $30.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The firm has a market capitalization of $666.50 million, a PE ratio of 14.75 and a beta of 0.44.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 EPS for the quarter. The firm had revenue of $116.91 million during 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.155 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.62 dividend on an annualized basis and a yield of 1.36%. Oil-Dri Co. of America's dividend payout ratio is currently 19.81%.
Insider Buying and Selling at Oil-Dri Co. of America
In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares in the company, valued at $3,026,529. This represents a 4.27 % decrease in their ownership of the stock. The transaction 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 firm'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 sale, the director now owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $379,000 after buying an additional 271 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $966,000 after buying an additional 469 shares during the last quarter. FMR LLC boosted its stake 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 buying an additional 200 shares during the period. Janus Henderson Group PLC increased its position in Oil-Dri Co. of America by 30.2% during the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company's stock valued at $293,000 after acquiring an additional 986 shares during the last quarter. Finally, Needham Investment Management LLC raised its stake in shares of Oil-Dri Co. of America by 10.8% in the third quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company's stock valued at $18,455,000 after acquiring an additional 26,000 shares during the period. Hedge funds and other institutional investors own 49.01% of the company's stock.
Oil-Dri Co. of America Company Profile
(
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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.
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