Oil-Dri Corporation Of America (NYSE:ODC) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Oil-Dri from “strong buy” to “buy,” while Weiss Ratings reaffirmed its “buy (b)” rating; the stock’s overall analyst rating remains “Buy.”
• ODC shares opened at $90.22, with a $45.61–$107.00 52-week range and a $1.31 billion market capitalization. The company recently reported quarterly EPS of $1.00 on revenue of $126.33 million, up from $0.80 EPS a year earlier.
• Institutional investors increased their holdings, and funds and hedge funds collectively own approximately 49.01% of Oil-Dri’s outstanding shares.

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

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Oil-Dri Corporation Of America Trading Up 2.7%

Shares of ODC stock opened at $90.22 on Friday. Oil-Dri Corporation Of America has a fifty-two week low of $45.61 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. The stock's fifty day moving average is $97.14 and its two-hundred day moving average is $78.76. The firm has a market capitalization of $1.31 billion, a P/E ratio of 23.19 and a beta of 0.78.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $126.33 million during the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. During the same period in the previous year, the company earned $0.80 EPS.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

Institutional investors and hedge funds have recently bought and sold shares of the company. Barnett & Company Inc. lifted its holdings in Oil-Dri Corporation Of America by 116.5% in the first quarter. Barnett & Company Inc. now owns 26,850 shares of the specialty chemicals company's stock valued at $1,748,000 after acquiring an additional 14,450 shares during the last quarter. Needham Investment Management LLC raised its position in Oil-Dri Corporation Of America by 10.7% in the fourth quarter. Needham Investment Management LLC now owns 635,000 shares of the specialty chemicals company's stock valued at $31,077,000 after purchasing an additional 61,500 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of Oil-Dri Corporation Of America by 12.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 141,178 shares of the specialty chemicals company's stock valued at $6,909,000 after purchasing an additional 16,124 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Oil-Dri Corporation Of America by 17.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,264 shares of the specialty chemicals company's stock worth $5,550,000 after purchasing an additional 12,462 shares during the period. Finally, Round Rock Advisors LLC increased its position in shares of Oil-Dri Corporation Of America by 72.1% during the 4th quarter. Round Rock Advisors LLC now owns 21,404 shares of the specialty chemicals company's stock worth $1,048,000 after purchasing an additional 8,964 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

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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