Private Advisor Group LLC decreased its stake in WD-40 (NASDAQ:WDFC) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,032 shares of the specialty chemicals company’s stock after selling 313 shares during the period. Private Advisor Group LLC’s holdings in WD-40 were worth $800,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Holocene Advisors LP raised its position in WD-40 by 65.4% in the second quarter. Holocene Advisors LP now owns 5,238 shares of the specialty chemicals company’s stock worth $833,000 after acquiring an additional 2,072 shares during the period. Laurion Capital Management LP bought a new stake in shares of WD-40 in the second quarter valued at approximately $1,271,000. HighTower Advisors LLC raised its position in shares of WD-40 by 13.1% in the second quarter. HighTower Advisors LLC now owns 1,336 shares of the specialty chemicals company’s stock valued at $209,000 after purchasing an additional 155 shares during the period. Pinebridge Investments L.P. raised its position in shares of WD-40 by 176.7% in the second quarter. Pinebridge Investments L.P. now owns 9,517 shares of the specialty chemicals company’s stock valued at $1,513,000 after purchasing an additional 6,077 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of WD-40 in the second quarter valued at approximately $18,213,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. DA Davidson set a $209.00 price target on shares of WD-40 and gave the company a “buy” rating in a research report on Monday, July 15th. BidaskClub raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating and set a $207.00 price target on the stock. in a research report on Saturday, September 7th.
Shares of NASDAQ WDFC traded up $2.97 during midday trading on Wednesday, hitting $182.98. The company’s stock had a trading volume of 3,932 shares, compared to its average volume of 103,215. The stock has a fifty day moving average price of $183.43 and a 200 day moving average price of $171.73. WD-40 has a one year low of $149.38 and a one year high of $188.28. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 3.70 and a beta of 0.26.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.08. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The company had revenue of $114.00 million for the quarter, compared to analyst estimates of $109.40 million. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that WD-40 will post 4.01 earnings per share for the current fiscal year.
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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