Citadel Advisors LLC Lowers Holdings in WD-40 (WDFC)

Citadel Advisors LLC decreased its position in WD-40 (NASDAQ:WDFC) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 31,565 shares of the specialty chemicals company’s stock after selling 2,373 shares during the quarter. Citadel Advisors LLC’s holdings in WD-40 were worth $3,725,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WDFC. Conestoga Capital Advisors LLC grew its holdings in WD-40 by 62.7% in the third quarter. Conestoga Capital Advisors LLC now owns 312,775 shares of the specialty chemicals company’s stock valued at $35,000,000 after purchasing an additional 120,575 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in WD-40 by 13.4% in the third quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock valued at $75,027,000 after purchasing an additional 79,356 shares during the last quarter. BlackRock Inc. grew its holdings in WD-40 by 2.1% in the fourth quarter. BlackRock Inc. now owns 1,743,617 shares of the specialty chemicals company’s stock valued at $205,746,000 after purchasing an additional 35,479 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in WD-40 in the fourth quarter valued at $2,804,000. Finally, Arizona State Retirement System grew its holdings in WD-40 by 221.9% in the fourth quarter. Arizona State Retirement System now owns 23,469 shares of the specialty chemicals company’s stock valued at $2,769,000 after purchasing an additional 16,178 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Shares of WD-40 (WDFC) opened at $128.50 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.29 and a current ratio of 3.90. The company has a market capitalization of $1,774.72, a price-to-earnings ratio of 33.42, a P/E/G ratio of 3.23 and a beta of 0.59. WD-40 has a 52 week low of $100.60 and a 52 week high of $129.85.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $97.60 million for the quarter, compared to analyst estimates of $93.00 million. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. research analysts expect that WD-40 will post 3.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 19th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio (DPR) is presently 56.84%.

In related news, insider Geoffrey Holdsworth sold 1,690 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $126.85, for a total transaction of $214,376.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael L. Freeman sold 4,861 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $119.58, for a total value of $581,278.38. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Several analysts have weighed in on the company. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, B. Riley reaffirmed a “hold” rating and set a $125.00 price objective on shares of WD-40 in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. WD-40 currently has a consensus rating of “Hold” and an average target price of $123.75.

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WD-40 Company Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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