Oil-Dri Corporation Of America (NYSE:ODC) Sets New 1-Year High – Should You Buy?

Oil-Dri Corporation Of America (NYSE:ODC)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $67.74 and last traded at $67.67, with a volume of 42162 shares traded. The stock had previously closed at $66.77.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 22nd.

Oil-Dri Corporation Of America Stock Performance

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.29 and a beta of 0.69. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $60.63 and its 200 day simple moving average is $53.00.

Insider Transactions at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Amy Ryan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total value of $60,620.00. Following the transaction, the director directly owned 2,900 shares in the company, valued at $175,798. The trade was a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the completion of the sale, the vice president owned 11,453 shares of the company’s stock, valued at $707,222.75. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

A number of institutional investors have recently modified their holdings of ODC. Trust Co. of Vermont raised its stake in shares of Oil-Dri Corporation Of America by 100.0% in the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 300 shares during the last quarter. MAI Capital Management raised its stake in shares of Oil-Dri Corporation Of America by 100.0% in the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 300 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Oil-Dri Corporation Of America by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 183 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Oil-Dri Corporation Of America by 98.0% in the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 441 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Oil-Dri Corporation Of America in the second quarter worth about $45,000. 49.01% of the stock is owned by institutional investors.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.