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

StockNews.com upgraded shares of Oil-Dri Co. of America (NYSE:ODC – Get Rating) from a buy rating to a strong-buy rating in a report released on Monday.

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

Oil-Dri Co. of America Stock Performance

NYSE ODC opened at $39.97 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.41 and a quick ratio of 1.65. Oil-Dri Co. of America has a 1 year low of $22.14 and a 1 year high of $40.85. The company has a market capitalization of $285.79 million, a PE ratio of 22.33 and a beta of 0.48. The company has a fifty day moving average of $36.54 and a two-hundred day moving average of $31.66.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ODC. Barclays PLC purchased a new stake in shares of Oil-Dri Co. of America in the third quarter valued at about $37,000. UBS Group AG raised its holdings in Oil-Dri Co. of America by 46.4% during 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 in the last quarter. Apollon Wealth Management LLC purchased a new position in Oil-Dri Co. of America during the fourth quarter worth about $208,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Oil-Dri Co. of America during the fourth quarter worth about $230,000. Finally, Susquehanna International Group LLP purchased a new position in Oil-Dri Co. of America during the fourth quarter worth about $245,000. 44.31% of the stock is owned by hedge funds and other institutional investors.

About Oil-Dri Co. of America

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Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Retail and Wholesale Products Group, and Business to Business Products Group segments. The Retail and Wholesale Products Group segment operates merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product users.