American Century Companies Inc. Acquires 21,740 Shares of Oil-Dri Co. of America (NYSE:ODC)

American Century Companies Inc. boosted its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 24.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,348 shares of the specialty chemicals company’s stock after purchasing an additional 21,740 shares during the quarter. American Century Companies Inc.’s holdings in Oil-Dri Co. of America were worth $7,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in shares of Oil-Dri Co. of America by 20.9% in the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 421 shares during the period. Blair William & Co. IL bought a new stake in Oil-Dri Co. of America in the 1st quarter valued at $204,000. Janus Henderson Group PLC acquired a new stake in Oil-Dri Co. of America in the 1st quarter worth $245,000. Jump Financial LLC bought a new position in shares of Oil-Dri Co. of America during the 4th quarter worth about $261,000. Finally, Rhumbline Advisers raised its position in shares of Oil-Dri Co. of America by 19.4% during the second quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock valued at $440,000 after buying an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Oil-Dri Co. of America Stock Performance

ODC opened at $68.94 on Tuesday. The stock’s 50 day simple moving average is $65.62 and its 200-day simple moving average is $69.66. The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.20. The stock has a market cap of $502.30 million, a PE ratio of 11.61 and a beta of 0.59. Oil-Dri Co. of America has a 1 year low of $54.80 and a 1 year high of $87.32.

Oil-Dri Co. of America Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.