Wall Street Zen Upgrades Oil-Dri Corporation Of America (NYSE:ODC) to "Strong-Buy"

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Oil-Dri Corporation Of America Stock Performance

Shares of ODC traded up $1.08 during trading hours on Friday, reaching $57.77. 90,295 shares of the company's stock traded hands, compared to its average volume of 41,391. The firm has a market capitalization of $845.75 million, a price-to-earnings ratio of 16.99 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. Oil-Dri Corporation Of America has a twelve month low of $29.47 and a twelve month high of $60.32. The business's fifty day simple moving average is $47.17 and its two-hundred day simple moving average is $42.59.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The company had revenue of $115.50 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%.

Insider Buying and Selling

In related news, Director Ellen-Blair Chube sold 3,500 shares of Oil-Dri Corporation Of America stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the transaction, the director now directly owns 11,820 shares of the company's stock, valued at $502,468.20. The trade was a 22.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ODC. Trust Co. of Vermont grew its holdings in Oil-Dri Corporation Of America by 100.0% during the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 300 shares during the period. MAI Capital Management increased its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. New York State Teachers Retirement System increased its stake in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 580 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Oil-Dri Corporation Of America in the 1st quarter worth about $105,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Corporation 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.