Oil-Dri Co. of America (NYSE:ODC) Lowered to Sell at ValuEngine

ValuEngine cut shares of Oil-Dri Co. of America (NYSE:ODC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, TheStreet raised South Jersey Industries from a c+ rating to a b- rating in a report on Tuesday, July 9th.

Oil-Dri Co. of America stock opened at $33.23 on Thursday. The company has a market cap of $252.58 million, a price-to-earnings ratio of 21.86 and a beta of 1.07. The business has a fifty day simple moving average of $30.94. Oil-Dri Co. of America has a 12 month low of $24.25 and a 12 month high of $46.43. The company has a current ratio of 2.76, a quick ratio of 1.91 and a debt-to-equity ratio of 0.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.25 dividend. This is a positive change from Oil-Dri Co. of America’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%.

In other Oil-Dri Co. of America news, Director Paul Hindsley bought 2,788 shares of Oil-Dri Co. of America stock in a transaction on Monday, June 24th. The stock was acquired at an average price of $30.29 per share, with a total value of $84,448.52. Following the acquisition, the director now owns 2,126 shares in the company, valued at $64,396.54. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.04% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Oil-Dri Co. of America by 2.6% during the 4th quarter. BlackRock Inc. now owns 264,223 shares of the specialty chemicals company’s stock worth $7,002,000 after acquiring an additional 6,755 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Oil-Dri Co. of America by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 58,723 shares of the specialty chemicals company’s stock worth $1,556,000 after acquiring an additional 3,690 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Oil-Dri Co. of America by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,575 shares of the specialty chemicals company’s stock worth $11,093,000 after acquiring an additional 8,711 shares during the last quarter. Geode Capital Management LLC boosted its position in Oil-Dri Co. of America by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 42,678 shares of the specialty chemicals company’s stock worth $1,130,000 after acquiring an additional 2,164 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Oil-Dri Co. of America by 29.4% during the 4th quarter. Bank of America Corp DE now owns 5,724 shares of the specialty chemicals company’s stock worth $152,000 after acquiring an additional 1,302 shares during the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

About Oil-Dri Co. of America

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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