Oil-Dri Co. of America (NYSE:ODC) Upgraded to Strong-Buy at StockNews.com

Oil-Dri Co. of America (NYSE:ODCGet Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

Oil-Dri Co. of America Trading Up 0.3 %

Shares of ODC stock opened at $57.83 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.32 and a quick ratio of 1.60. The company has a market cap of $421.00 million, a price-to-earnings ratio of 13.61 and a beta of 0.65. Oil-Dri Co. of America has a 1 year low of $30.65 and a 1 year high of $69.09. The firm has a fifty day moving average price of $59.87 and a 200-day moving average price of $56.94.

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

Institutional Trading of Oil-Dri Co. of America

Several hedge funds have recently modified their holdings of ODC. Strs Ohio purchased a new position in shares of Oil-Dri Co. of America during the 2nd quarter worth about $70,000. UBS Group AG increased its stake in Oil-Dri Co. of America by 46.4% in the fourth quarter. UBS Group AG now owns 2,193 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 695 shares during the period. California State Teachers Retirement System purchased a new position in shares of Oil-Dri Co. of America during the second quarter worth approximately $96,000. Bank of America Corp DE grew its position in shares of Oil-Dri Co. of America by 945.1% during the 1st quarter. Bank of America Corp DE now owns 2,550 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 2,306 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Oil-Dri Co. of America in the third quarter worth approximately $110,000. 48.47% of the stock is owned by hedge funds and other institutional investors.

About Oil-Dri Co. of America

(Get Free Report)

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.

Further Reading

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