Oil-Dri Co. of America (NYSE:ODC) Upgraded to "Strong-Buy" at Wall Street Zen

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Oil-Dri Co. of America Stock Performance

Shares of ODC stock opened at $56.29 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $46.59 and a 200-day moving average price of $41.70. Oil-Dri Co. of America has a 52 week low of $29.47 and a 52 week high of $60.32. The firm has a market capitalization of $821.48 million, a PE ratio of 18.19 and a beta of 0.62.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last posted its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The business had revenue of $115.50 million during the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, Director Ellen-Blair Chube sold 3,500 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the completion of the sale, the director now directly owns 11,820 shares in the company, valued at $502,468.20. This represents a 22.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 11.66% of the company's stock.

Institutional Trading of Oil-Dri Co. of America

Several hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its stake in shares of Oil-Dri Co. of America by 99.3% in the first quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock worth $36,695,000 after buying an additional 398,056 shares during the period. Vanguard Group Inc. increased its holdings in Oil-Dri Co. of America by 119.3% in the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock worth $28,112,000 after acquiring an additional 333,053 shares in the last quarter. Needham Investment Management LLC raised its stake in Oil-Dri Co. of America by 100.5% during the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock worth $25,784,000 after acquiring an additional 281,500 shares during the period. American Century Companies Inc. lifted its holdings in Oil-Dri Co. of America by 126.4% during the first quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company's stock valued at $15,203,000 after purchasing an additional 184,844 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Oil-Dri Co. of America by 102.4% in the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock worth $15,429,000 after purchasing an additional 170,000 shares during the period. Institutional investors own 49.01% of the company's stock.

About Oil-Dri Co. of America

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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