Oil-Dri Co. of America (NYSE:ODC) Downgraded by StockNews.com to Buy

Oil-Dri Co. of America (NYSE:ODC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Oil-Dri Co. of America Price Performance

Oil-Dri Co. of America stock opened at $57.61 on Friday. Oil-Dri Co. of America has a 52 week low of $30.49 and a 52 week high of $69.09. The company’s 50 day moving average price is $60.46 and its two-hundred day moving average price is $56.39. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.17. The stock has a market cap of $419.40 million, a P/E ratio of 13.56 and a beta of 0.65.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Thursday, October 12th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 7.15% and a return on equity of 22.28%. The company had revenue of $107.39 million during the quarter.

Institutional Investors Weigh In On Oil-Dri Co. of America

Several large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its stake in shares of Oil-Dri Co. of America by 0.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 483,356 shares of the specialty chemicals company’s stock worth $16,212,000 after purchasing an additional 1,369 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Oil-Dri Co. of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 388,803 shares of the specialty chemicals company’s stock valued at $11,139,000 after buying an additional 6,919 shares in the last quarter. Vanguard Group Inc. grew its stake in Oil-Dri Co. of America by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 374,454 shares of the specialty chemicals company’s stock valued at $10,729,000 after buying an additional 16,279 shares in the last quarter. BlackRock Inc. grew its stake in Oil-Dri Co. of America by 378.4% in the 2nd quarter. BlackRock Inc. now owns 344,076 shares of the specialty chemicals company’s stock valued at $20,297,000 after buying an additional 272,153 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Oil-Dri Co. of America by 46.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock valued at $7,766,000 after buying an additional 39,618 shares in the last quarter. Hedge funds and other institutional investors own 48.47% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.