Everence Capital Management Inc. boosted its holdings in WD-40 (NASDAQ:WDFC) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,260 shares of the specialty chemicals company’s stock after purchasing an additional 660 shares during the quarter. Everence Capital Management Inc.’s holdings in WD-40 were worth $598,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. New York State Common Retirement Fund increased its holdings in shares of WD-40 by 3.4% during the first quarter. New York State Common Retirement Fund now owns 18,201 shares of the specialty chemicals company’s stock valued at $3,084,000 after acquiring an additional 600 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of WD-40 by 21.1% during the first quarter. Parametric Portfolio Associates LLC now owns 62,668 shares of the specialty chemicals company’s stock valued at $10,618,000 after acquiring an additional 10,918 shares in the last quarter. BlackRock Inc. increased its holdings in shares of WD-40 by 2.4% during the first quarter. BlackRock Inc. now owns 2,045,376 shares of the specialty chemicals company’s stock valued at $346,569,000 after acquiring an additional 47,977 shares in the last quarter. GAM Holding AG increased its holdings in shares of WD-40 by 75.7% during the first quarter. GAM Holding AG now owns 4,581 shares of the specialty chemicals company’s stock valued at $776,000 after acquiring an additional 1,974 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of WD-40 by 12.5% during the first quarter. OppenheimerFunds Inc. now owns 95,690 shares of the specialty chemicals company’s stock valued at $16,213,000 after acquiring an additional 10,604 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
In other WD-40 news, Director Geoffrey Holdsworth sold 1,408 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $182.28, for a total value of $256,650.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.09% of the stock is currently owned by insiders.
WDFC stock traded up $0.67 during midday trading on Wednesday, hitting $184.65. The company’s stock had a trading volume of 25,255 shares, compared to its average volume of 103,558. The stock’s 50-day moving average price is $183.83 and its 200 day moving average price is $172.40. The company has a quick ratio of 1.39, a current ratio of 1.90 and a debt-to-equity ratio of 0.40. WD-40 has a 1 year low of $149.38 and a 1 year high of $188.86. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 3.79 and a beta of 0.25.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.08. WD-40 had a return on equity of 40.12% and a net margin of 16.45%. The business had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $109.40 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that WD-40 will post 4.01 earnings per share for the current fiscal year.
Several research firms have recently commented on WDFC. DA Davidson set a $209.00 price objective on WD-40 and gave the company a “buy” rating in a report on Monday, July 15th. ValuEngine downgraded WD-40 from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Zacks Investment Research restated a “buy” rating and set a $206.00 price objective on shares of WD-40 in a report on Saturday, September 28th. Finally, BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a report on Friday, September 27th.
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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