Shares of Oil-Dri Co. of America (NYSE:ODC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.55 and traded as high as $42.88. Oil-Dri Co. of America shares last traded at $42.13, with a volume of 28,538 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th.
Read Our Latest Report on Oil-Dri Co. of America
Oil-Dri Co. of America Trading Up 1.3 %
The company has a 50 day simple moving average of $34.39 and a 200 day simple moving average of $23.02. The stock has a market capitalization of $620.85 million, a PE ratio of 13.74 and a beta of 0.52. The company has a current ratio of 2.63, a quick ratio of 1.61 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 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.
Oil-Dri Co. of America Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, February 21st. Oil-Dri Co. of America's payout ratio is 20.03%.
Insider Buying and Selling
In other news, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction dated 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 owns 70,796 shares in the company, 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 firm's stock in a transaction dated 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 sale, the director now owns 3,900 shares of the company's stock, valued at $162,942. This trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Oil-Dri Co. of America
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC raised its holdings in Oil-Dri Co. of America by 10.8% during the third quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company's stock worth $18,455,000 after purchasing an additional 26,000 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Oil-Dri Co. of America during the 3rd quarter worth $606,000. Marshall Wace LLP boosted its position in shares of Oil-Dri Co. of America by 50.5% in the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company's stock worth $1,406,000 after buying an additional 7,364 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Oil-Dri Co. of America in the 3rd quarter valued at about $216,000. Finally, Barclays PLC increased its holdings in Oil-Dri Co. of America by 41.5% during the 3rd quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company's stock valued at $673,000 after acquiring an additional 2,859 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.
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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