Oil-Dri Corporation Of America (NYSE:ODC) Lowered to Hold Rating by Wall Street Zen

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

Separately, Weiss Ratings upgraded Oil-Dri Corporation Of America from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Oil-Dri Corporation Of America Trading Up 2.3%

Shares of ODC opened at $77.41 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 20.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.45. The business has a 50-day moving average of $68.05 and a 200 day moving average of $60.15. Oil-Dri Corporation Of America has a fifty-two week low of $45.25 and a fifty-two week high of $77.88.

Insider Activity at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Paul Hindsley sold 6,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $63.90, for a total value of $383,400.00. Following the completion of the sale, the director owned 11,000 shares of the company's stock, valued at $702,900. This represents a 35.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen-Blair Chube sold 1,390 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the completion of the sale, the director directly owned 8,930 shares of the company's stock, valued at approximately $652,425.80. This represents a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.69% of the stock is owned by corporate insiders.

Institutional Trading of Oil-Dri Corporation Of America

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in Oil-Dri Corporation Of America by 9.6% in the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company's stock valued at $24,486,000 after purchasing an additional 35,302 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Oil-Dri Corporation Of America by 190.4% in the third quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company's stock valued at $3,231,000 after purchasing an additional 34,706 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Oil-Dri Corporation Of America by 206.3% in the third quarter. JPMorgan Chase & Co. now owns 43,921 shares of the specialty chemicals company's stock valued at $2,681,000 after purchasing an additional 29,583 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Oil-Dri Corporation Of America in the third quarter valued at approximately $483,000. Finally, Teton Advisors LLC bought a new stake in Oil-Dri Corporation Of America in the third quarter valued at approximately $842,000. Hedge funds and other institutional investors own 49.01% of the company's stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.

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