American Century Companies Inc. Raises Stock Position in Oil-Dri Corporation Of America $ODC

American Century Companies Inc. grew its position in Oil-Dri Corporation Of America (NYSE:ODC) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,152 shares of the specialty chemicals company’s stock after buying an additional 35,302 shares during the period. American Century Companies Inc. owned 2.74% of Oil-Dri Corporation Of America worth $24,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ODC. Vanguard Group Inc. lifted its holdings in Oil-Dri Corporation Of America by 1.4% in the third quarter. Vanguard Group Inc. now owns 641,978 shares of the specialty chemicals company’s stock valued at $39,186,000 after acquiring an additional 8,951 shares during the last quarter. Geode Capital Management LLC increased its stake in Oil-Dri Corporation Of America by 3.4% during the second quarter. Geode Capital Management LLC now owns 237,607 shares of the specialty chemicals company’s stock worth $14,019,000 after acquiring an additional 7,812 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Oil-Dri Corporation Of America by 51.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 88,177 shares of the specialty chemicals company’s stock valued at $5,382,000 after purchasing an additional 30,025 shares during the period. Goldman Sachs Group Inc. raised its position in Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock valued at $4,028,000 after purchasing an additional 48,309 shares during the period. Finally, CSM Advisors LLC acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at $3,156,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ODC shares. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Oil-Dri Corporation Of America has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Down 4.0%

Oil-Dri Corporation Of America stock opened at $63.33 on Monday. The company has a market capitalization of $923.35 million, a PE ratio of 17.40 and a beta of 0.77. 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 has a fifty-two week low of $41.37 and a fifty-two week high of $70.01. The firm has a 50 day moving average price of $59.19 and a 200 day moving average price of $58.38.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Monday, December 8th. The specialty chemicals company reported $1.06 EPS for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.06% and a net margin of 11.10%.The company had revenue of $120.49 million for the quarter. During the same quarter last year, the company earned $2.25 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a $0.205 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.82 annualized dividend and a dividend yield of 1.3%. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 22.53%.

Oil-Dri Corporation Of America Profile

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.