American Century Companies Inc. Buys 184,844 Shares of Oil-Dri Corporation Of America $ODC

American Century Companies Inc. raised its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 126.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 331,083 shares of the specialty chemicals company’s stock after acquiring an additional 184,844 shares during the quarter. American Century Companies Inc. owned approximately 2.27% of Oil-Dri Corporation Of America worth $15,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Oil-Dri Corporation Of America by 119.3% during the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company’s stock valued at $28,112,000 after acquiring an additional 333,053 shares in the last quarter. Royce & Associates LP boosted its position in Oil-Dri Corporation Of America by 102.4% during the 1st quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company’s stock valued at $15,429,000 after acquiring an additional 170,000 shares in the last quarter. Needham Investment Management LLC boosted its position in Oil-Dri Corporation Of America by 4.7% during the 4th quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company’s stock valued at $24,539,000 after acquiring an additional 12,500 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in Oil-Dri Corporation Of America by 42.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 139,092 shares of the specialty chemicals company’s stock valued at $6,387,000 after acquiring an additional 41,212 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Oil-Dri Corporation Of America by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company’s stock valued at $11,605,000 after acquiring an additional 7,606 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.

Analyst Ratings Changes

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

Oil-Dri Corporation Of America Stock Up 1.3%

Oil-Dri Corporation Of America stock opened at $59.26 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The stock has a market capitalization of $867.45 million, a price-to-earnings ratio of 17.43 and a beta of 0.67. Oil-Dri Corporation Of America has a 1-year low of $32.06 and a 1-year high of $63.82. The business has a fifty day moving average price of $58.70 and a 200-day moving average price of $50.46.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. The firm had revenue of $115.50 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%.

Oil-Dri Corporation Of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.18 dividend. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 21.18%.

Insider Buying and Selling

In related news, Director Amy Ryan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen-Blair Chube sold 2,500 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $55.83, for a total value of $139,575.00. Following the completion of the transaction, the director owned 9,320 shares of the company’s stock, valued at $520,335.60. This trade represents a 21.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,000 shares of company stock worth $354,570 in the last 90 days. Insiders own 11.66% of the company’s stock.

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.