Ern LLC acquired a new position in WD-40 (NASDAQ:WDFC – Get Rating) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the specialty chemicals company's stock, valued at approximately $2,014,000. WD-40 accounts for 2.3% of Ern LLC's holdings, making the stock its 13th biggest position. Ern LLC owned approximately 0.07% of WD-40 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Swiss National Bank raised its holdings in WD-40 by 7.6% in the 1st quarter. Swiss National Bank now owns 32,400 shares of the specialty chemicals company's stock worth $5,937,000 after acquiring an additional 2,300 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of WD-40 by 5.9% during the first quarter. Insight Wealth Strategies LLC now owns 1,230 shares of the specialty chemicals company's stock valued at $225,000 after purchasing an additional 68 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of WD-40 by 1.1% during the fourth quarter. Rhumbline Advisers now owns 38,680 shares of the specialty chemicals company's stock valued at $9,463,000 after purchasing an additional 438 shares in the last quarter. Kenfarb & CO. bought a new position in WD-40 during the 4th quarter valued at about $333,000. Finally, Evergreen Capital Management LLC bought a new position in WD-40 during the fourth quarter valued at approximately $203,000. 93.52% of the stock is currently owned by institutional investors.
Get WD-40 alerts:WD-40 Trading Down 1.8 %
Shares of NASDAQ:WDFC traded down $3.44 during trading on Tuesday, hitting $185.63. The company had a trading volume of 485 shares, compared to its average volume of 66,573. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51. The company has a fifty day simple moving average of $186.98 and a two-hundred day simple moving average of $187.52. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 42.68 and a beta of -0.25. WD-40 has a one year low of $163.61 and a one year high of $255.31.
WD-40 (NASDAQ:WDFC – Get Rating) last issued its quarterly earnings results on Thursday, July 7th. The specialty chemicals company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.21). WD-40 had a return on equity of 30.75% and a net margin of 12.10%. The business had revenue of $123.67 million during the quarter, compared to analysts' expectations of $142.80 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts forecast that WD-40 will post 5.08 earnings per share for the current year.Insider Buying and Selling at WD-40
In other news, Director Eric Etchart bought 500 shares of the stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of $177.60 per share, for a total transaction of $88,800.00. Following the acquisition, the director now owns 5,692 shares of the company's stock, valued at $1,010,899.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.33% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. BWS Financial began coverage on WD-40 in a research report on Thursday, July 14th. They set a "sell" rating and a $88.00 price objective for the company. TheStreet cut shares of WD-40 from a "b-" rating to a "c+" rating in a research note on Friday, July 8th. Finally, DA Davidson raised WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Monday, July 18th.
WD-40 Profile
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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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.
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