Oil-Dri Corporation Of America (NYSE:ODC) Trading 4.8% Higher – Here’s What Happened

Oil-Dri Corporation Of America (NYSE:ODC)’s share price was up 4.8% on Thursday . The company traded as high as $67.23 and last traded at $68.0040. Approximately 14,473 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 71,027 shares. The stock had previously closed at $64.89.

Analyst Ratings Changes

Several research analysts recently commented on ODC shares. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Oil-Dri Corporation Of America currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Up 6.7%

The firm has a 50-day moving average price of $60.14 and a two-hundred day moving average price of $58.50. The company has a market capitalization of $1.01 billion, a P/E ratio of 18.95 and a beta of 0.77. The company has a quick ratio of 2.23, a current ratio of 3.34 and a debt-to-equity ratio of 0.15.

Oil-Dri Corporation Of America (NYSE:ODC) last released its earnings results on Wednesday, March 11th. The specialty chemicals company reported $0.87 EPS for the quarter. Oil-Dri Corporation Of America had a net margin of 11.10% and a return on equity of 21.06%. The firm had revenue of $117.74 million during the quarter.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several hedge funds have recently made changes to their positions in ODC. Legal & General Group Plc grew its position in Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after buying an additional 178 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 183 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Oil-Dri Corporation Of America by 25.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,013 shares of the specialty chemicals company’s stock valued at $60,000 after purchasing an additional 203 shares during the period. Cardinal Capital Management increased its position in shares of Oil-Dri Corporation Of America by 0.3% during the fourth quarter. Cardinal Capital Management now owns 87,950 shares of the specialty chemicals company’s stock valued at $4,304,000 after purchasing an additional 279 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Oil-Dri Corporation Of America by 4.1% in the third quarter. Franklin Resources Inc. now owns 7,280 shares of the specialty chemicals company’s stock valued at $444,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.

About Oil-Dri Corporation Of America

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.