StockNews.com downgraded shares of Oil-Dri Co. of America (NYSE:ODC - Free Report) from a buy rating to a hold rating in a report released on Tuesday.
Oil-Dri Co. of America Trading Up 0.1 %
Shares of NYSE ODC traded up $0.06 during trading on Tuesday, hitting $41.16. 9,363 shares of the company were exchanged, compared to its average volume of 30,447. The company has a fifty day moving average price of $26.38 and a 200-day moving average price of $19.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.63. The firm has a market capitalization of $600.73 million, a PE ratio of 6.65 and a beta of 0.53. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $46.50.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share 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
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, February 21st. Oil-Dri Co. of America's payout ratio is 20.00%.
Insider Buying and Selling
In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 10,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $17.32, for a total value of $173,175.00. Following the transaction, the vice president now directly owns 61,360 shares in the company, valued at $1,062,601.80. This represents a 14.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.66% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ODC. FMR LLC raised its position in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Oil-Dri Co. of America by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock valued at $166,000 after purchasing an additional 268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Oil-Dri Co. of America by 5.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company's stock worth $379,000 after purchasing an additional 271 shares during the last quarter. Foundry Partners LLC boosted its position in Oil-Dri Co. of America by 1.0% during the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company's stock worth $2,555,000 after purchasing an additional 350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company's stock.
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.
Further Reading
Before you consider Oil-Dri Co. of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oil-Dri Co. of America wasn't on the list.
While Oil-Dri Co. of America currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
