ValuEngine lowered shares of Oil-Dri Co. of America (NYSE:ODC) from a hold rating to a sell rating in a research note published on Tuesday.

Separately, TheStreet lowered shares of Oil-Dri Co. of America from a b- rating to a c rating in a research note on Thursday, October 18th.

Shares of Oil-Dri Co. of America stock traded down $0.01 during trading on Tuesday, hitting $28.15. 464 shares of the stock were exchanged, compared to its average volume of 11,743. The firm has a market capitalization of $208.85 million, a PE ratio of 18.67 and a beta of 1.01. Oil-Dri Co. of America has a 1-year low of $24.25 and a 1-year high of $46.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.67.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Friday, December 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter. The company had revenue of $66.14 million for the quarter. Oil-Dri Co. of America had a net margin of 2.30% and a return on equity of 8.62%.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.41%.

In other Oil-Dri Co. of America news, Chairman Daniel S. Jaffee sold 4,133 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $30.05, for a total value of $124,196.65. Following the completion of the sale, the chairman now owns 15,865 shares of the company’s stock, valued at approximately $476,743.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel S. Jaffee sold 1,300 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $30.26, for a total transaction of $39,338.00. Following the completion of the sale, the chief executive officer now directly owns 11,132 shares of the company’s stock, valued at approximately $336,854.32. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,860 shares of company stock worth $50,925. 9.04% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ODC. Rhumbline Advisers bought a new stake in Oil-Dri Co. of America in the 2nd quarter valued at about $209,000. Schwab Charles Investment Management Inc. increased its position in Oil-Dri Co. of America by 20.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,587 shares of the specialty chemicals company’s stock valued at $489,000 after acquiring an additional 2,000 shares during the period. BlackRock Inc. increased its position in Oil-Dri Co. of America by 9.6% in the 2nd quarter. BlackRock Inc. now owns 254,629 shares of the specialty chemicals company’s stock valued at $10,729,000 after acquiring an additional 22,325 shares during the period. Dimensional Fund Advisors LP increased its position in Oil-Dri Co. of America by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 402,798 shares of the specialty chemicals company’s stock valued at $16,974,000 after acquiring an additional 6,823 shares during the period. Finally, Bank of America Corp DE increased its position in Oil-Dri Co. of America by 88.7% in the 2nd quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock valued at $125,000 after acquiring an additional 1,399 shares during the period. 52.65% of the stock is owned by hedge funds and other institutional investors.

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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