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

StockNews.com lowered shares of Oil-Dri Co. of America (NYSE:ODCFree Report) from a buy rating to a hold rating in a research report sent to investors on Friday.

Oil-Dri Co. of America Trading Down 15.7 %

ODC opened at $69.91 on Friday. Oil-Dri Co. of America has a 12 month low of $39.46 and a 12 month high of $87.32. The stock has a market capitalization of $509.64 million, a price-to-earnings ratio of 11.77 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.02 and a quick ratio of 2.02. The business has a fifty day moving average price of $75.69 and a 200 day moving average price of $70.15.

Oil-Dri Co. of America (NYSE:ODCGet Free Report) last released its earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 EPS for the quarter. Oil-Dri Co. of America had a return on equity of 23.31% and a net margin of 9.93%. The firm had revenue of $105.67 million during the quarter.

Oil-Dri Co. of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.31 per share. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, August 9th. Oil-Dri Co. of America’s dividend payout ratio is currently 19.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Oil-Dri Co. of America by 78.9% during the 3rd quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company’s stock worth $1,959,000 after acquiring an additional 14,030 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Oil-Dri Co. of America during the 4th quarter worth about $939,000. SG Americas Securities LLC boosted its position in shares of Oil-Dri Co. of America by 27.9% during the 4th quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock worth $153,000 after acquiring an additional 498 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Oil-Dri Co. of America by 0.8% during the 4th quarter. Foundry Partners LLC now owns 78,625 shares of the specialty chemicals company’s stock worth $5,274,000 after acquiring an additional 640 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Oil-Dri Co. of America by 5.9% during the third quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock worth $307,000 after purchasing an additional 278 shares in the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

(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.

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