Oil-Dri Corporation Of America's (ODC) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Oil-Dri Corporation Of America (NYSE:ODC) has had its "buy (B)" rating reaffirmed by Weiss Ratings, reflecting positive sentiment among analysts.
• While Weiss Ratings maintains a buy recommendation, Wall Street Zen has downgraded ODC from a "strong-buy" to a "buy" rating as of June 22nd.
• Recent insider activity includes VP Christopher B. Lamson selling 2,500 shares, indicating potential changes in executive sentiment towards the stock.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report)'s stock had its "buy (b)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America presently has a consensus rating of "Buy".

Oil-Dri Corporation Of America Trading Down 0.5%

Shares of Oil-Dri Corporation Of America stock traded down $0.32 during midday trading on Wednesday, reaching $60.36. The company had a trading volume of 1,889 shares, compared to its average volume of 51,035. The stock has a fifty day moving average price of $61.26 and a 200 day moving average price of $54.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The firm has a market cap of $883.60 million, a PE ratio of 17.75 and a beta of 0.70. Oil-Dri Corporation Of America has a fifty-two week low of $32.50 and a fifty-two week high of $69.75.

Insider Activity at Oil-Dri Corporation Of America

In related news, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total transaction of $154,375.00. Following the transaction, the vice president owned 11,453 shares of the company's stock, valued at $707,222.75. The trade was a 17.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy Ryan sold 1,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at approximately $175,798. This represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.66% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Oil-Dri Corporation Of America by 87.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company's stock valued at $775,000 after purchasing an additional 7,863 shares during the period. Rhumbline Advisers raised its stake in shares of Oil-Dri Corporation Of America by 97.6% during the 1st quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock valued at $667,000 after purchasing an additional 7,172 shares during the period. Informed Momentum Co LLC bought a new stake in shares of Oil-Dri Corporation Of America during the 1st quarter valued at $915,000. New York State Teachers Retirement System raised its stake in shares of Oil-Dri Corporation Of America by 98.0% during the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 441 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Oil-Dri Corporation Of America by 103.3% during the 1st quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company's stock valued at $4,457,000 after purchasing an additional 49,312 shares during the period. 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 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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