Oil-Dri Co. of America (NYSE:ODC) Lowered to Hold Rating by StockNews.com

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

Oil-Dri Co. of America Stock Performance

ODC traded up $0.23 during trading on Friday, hitting $44.34. 29,316 shares of the stock were exchanged, compared to its average volume of 28,561. The firm has a market capitalization of $647.07 million, a P/E ratio of 14.32 and a beta of 0.52. Oil-Dri Co. of America has a 1-year low of $29.47 and a 1-year high of $46.50. The stock has a fifty day moving average price of $42.88 and a two-hundred day moving average price of $26.45. The company has a quick ratio of 1.61, 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 announced its 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%.

Insider Activity at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 70,796 shares of the company's stock, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy Ryan sold 2,100 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the transaction, the director now owns 3,900 shares of the company's stock, valued at approximately $162,942. The trade was 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 insiders.

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Hedge Funds Weigh In On Oil-Dri Co. of America

A number of large investors have recently modified their holdings of ODC. Needham Investment Management LLC grew 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 acquiring an additional 26,000 shares during the period. American Century Companies Inc. boosted its position in shares of Oil-Dri Co. of America by 11.5% during the 4th quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock worth $12,816,000 after purchasing an additional 15,041 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Oil-Dri Co. of America during the 4th quarter worth $772,000. Moran Wealth Management LLC purchased a new position in shares of Oil-Dri Co. of America in the 3rd quarter valued at about $606,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Oil-Dri Co. of America in the fourth quarter valued at about $701,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Oil-Dri Co. of America Company Profile

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.