Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Up 4.8% – Should You Buy?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ODC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Monday, December 22nd. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, 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 market cap of $1.01 billion, a price-to-earnings ratio of 18.95 and a beta of 0.77. The business’s 50-day moving average is $60.14 and its 200-day moving average is $58.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.23 and a current ratio of 3.34.

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

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Oil-Dri Corporation Of America by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock valued at $24,486,000 after acquiring an additional 35,302 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Oil-Dri Corporation Of America by 51.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 88,177 shares of the specialty chemicals company’s stock worth $5,382,000 after purchasing an additional 30,025 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Oil-Dri Corporation Of America during the third quarter worth $483,000. Sowell Financial Services LLC bought a new stake in Oil-Dri Corporation Of America in the third quarter valued at about $657,000. Finally, Teton Advisors LLC bought a new position in Oil-Dri Corporation Of America during the third quarter worth about $842,000. 49.01% of the stock is owned by institutional investors and hedge funds.

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.