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

StockNews.com downgraded shares of Oil-Dri Co. of America (NYSE:ODCGet Rating) from a buy rating to a hold rating in a research report released on Tuesday.

Separately, TheStreet upgraded shares of Oil-Dri Co. of America from a c+ rating to a b- rating in a research report on Wednesday, November 16th.

Oil-Dri Co. of America Trading Up 0.2 %

NYSE ODC opened at $32.23 on Tuesday. Oil-Dri Co. of America has a 12 month low of $22.14 and a 12 month high of $35.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.36 and a quick ratio of 1.63. The company has a market capitalization of $229.48 million, a price-to-earnings ratio of 39.79 and a beta of 0.47. The company’s fifty day moving average price is $27.35 and its two-hundred day moving average price is $27.59.

Oil-Dri Co. of America (NYSE:ODCGet Rating) last posted its quarterly earnings data on Thursday, October 13th. The specialty chemicals company reported $0.77 EPS for the quarter. Oil-Dri Co. of America had a net margin of 1.63% and a return on equity of 7.47%. The firm had revenue of $93.16 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.48%. Oil-Dri Co. of America’s payout ratio is currently 138.27%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ODC. Barclays PLC bought a new position in shares of Oil-Dri Co. of America in the 3rd quarter worth about $37,000. Denali Advisors LLC lifted its position in Oil-Dri Co. of America by 100.0% in the 2nd quarter. Denali Advisors LLC now owns 2,200 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 1,100 shares during the last quarter. UBS Group AG lifted its position in Oil-Dri Co. of America by 71.4% in the 2nd quarter. UBS Group AG now owns 2,400 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 1,000 shares during the last quarter. Invesco Ltd. lifted its position in Oil-Dri Co. of America by 62.3% in the 1st quarter. Invesco Ltd. now owns 12,210 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Diversified Investment Strategies LLC lifted its position in Oil-Dri Co. of America by 2.4% in the 2nd quarter. Diversified Investment Strategies LLC now owns 19,395 shares of the specialty chemicals company’s stock valued at $594,000 after purchasing an additional 450 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors.

Oil-Dri Co. of America Company Profile

(Get Rating)

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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