TheStreet Lowers Oil-Dri Co. of America (ODC) to C

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Oil-Dri Co. of America (NYSE:ODC) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Thursday.

Separately, ValuEngine downgraded shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th.

Shares of NYSE:ODC opened at $29.79 on Thursday. The stock has a market cap of $211.96 million, a PE ratio of 16.19 and a beta of 0.83. The company has a quick ratio of 1.78, a current ratio of 2.68 and a debt-to-equity ratio of 0.05. Oil-Dri Co. of America has a 12 month low of $28.52 and a 12 month high of $46.73.

In other news, CEO Daniel S. Jaffee sold 7,200 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $31.95, for a total transaction of $230,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allan H. Selig acquired 1,000 shares of the stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average cost of $30.67 per share, with a total value of $30,670.00. Following the completion of the purchase, the director now owns 34,100 shares of the company’s stock, valued at approximately $1,045,847. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,670 shares of company stock valued at $498,230. Insiders own 13.86% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Oil-Dri Co. of America by 1.7% during the second 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 last quarter. BlackRock Inc. raised its stake in Oil-Dri Co. of America by 9.6% in the second quarter. BlackRock Inc. now owns 254,629 shares of the specialty chemicals company’s stock worth $10,729,000 after buying an additional 22,325 shares in the last quarter. Burney Co. raised its stake in Oil-Dri Co. of America by 7.8% in the second quarter. Burney Co. now owns 20,876 shares of the specialty chemicals company’s stock worth $880,000 after buying an additional 1,511 shares in the last quarter. Millennium Management LLC raised its stake in Oil-Dri Co. of America by 21.7% in the first quarter. Millennium Management LLC now owns 15,003 shares of the specialty chemicals company’s stock worth $603,000 after buying an additional 2,675 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Oil-Dri Co. of America by 20.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 11,587 shares of the specialty chemicals company’s stock worth $489,000 after buying an additional 2,000 shares in the last quarter. 53.21% of the stock is owned by hedge funds and other institutional investors.

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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