Oil-Dri Corporation Of America (NYSE:ODC) Stock Rating Upgraded by Wall Street Zen
by Amy Steele · The Cerbat GemOil-Dri Corporation Of America (NYSE:ODC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.
Oil-Dri Corporation Of America Price Performance
Shares of ODC stock opened at $73.90 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14. Oil-Dri Corporation Of America has a twelve month low of $41.37 and a twelve month high of $74.38. The company has a market cap of $1.07 billion, a P/E ratio of 20.03 and a beta of 0.79. The business has a fifty day simple moving average of $66.53 and a 200 day simple moving average of $59.48.
Insider Transactions at Oil-Dri Corporation Of America
In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 1,390 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the completion of the transaction, the director owned 8,930 shares of the company’s stock, valued at $652,425.80. This represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Hindsley sold 6,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $63.90, for a total value of $383,400.00. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at approximately $702,900. The trade was a 35.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.69% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Oil-Dri Corporation Of America
A number of institutional investors and hedge funds have recently bought and sold shares of ODC. Royal Bank of Canada increased its holdings in Oil-Dri Corporation Of America by 79.0% in the 1st quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company’s stock worth $1,460,000 after purchasing an additional 14,030 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Oil-Dri Corporation Of America by 108.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company’s stock worth $266,000 after purchasing an additional 3,010 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Oil-Dri Corporation Of America by 122.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock worth $4,028,000 after purchasing an additional 48,309 shares in the last quarter. Jane Street Group LLC increased its holdings in Oil-Dri Corporation Of America by 204.7% in the 1st quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company’s stock worth $895,000 after purchasing an additional 13,099 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Oil-Dri Corporation Of America by 44.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,338 shares of the specialty chemicals company’s stock worth $846,000 after purchasing an additional 4,386 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.
Oil-Dri Corporation Of America Company Profile
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.