Oil-Dri Co. of America (ODC) Upgraded to “Hold” at ValuEngine

Oil-Dri Co. of America (NYSE:ODC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Shares of ODC opened at $33.75 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The stock has a market cap of $272.16 million, a price-to-earnings ratio of 24.47 and a beta of 0.96. Oil-Dri Co. of America has a 12-month low of $24.25 and a 12-month high of $46.73.

Oil-Dri Co. of America (NYSE:ODC) last announced its earnings results on Monday, March 11th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $69.88 million during the quarter. Oil-Dri Co. of America had a net margin of 3.56% and a return on equity of 7.22%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Oil-Dri Co. of America by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 409,864 shares of the specialty chemicals company’s stock worth $15,804,000 after acquiring an additional 7,066 shares during the last quarter. BlackRock Inc. raised its position in shares of Oil-Dri Co. of America by 1.1% in the third quarter. BlackRock Inc. now owns 257,468 shares of the specialty chemicals company’s stock valued at $9,929,000 after buying an additional 2,839 shares during the last quarter. Cardinal Capital Management raised its position in shares of Oil-Dri Co. of America by 3.9% in the fourth quarter. Cardinal Capital Management now owns 34,421 shares of the specialty chemicals company’s stock valued at $912,000 after buying an additional 1,288 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Oil-Dri Co. of America by 3.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 576,775 shares of the specialty chemicals company’s stock valued at $15,285,000 after buying an additional 20,702 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Oil-Dri Co. of America in the fourth quarter valued at approximately $395,000. Institutional investors own 51.75% of the company’s stock.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through 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, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

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