Kestra Private Wealth Services LLC purchased a new position in WD-40 (NASDAQ:WDFC – Get Rating) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,271 shares of the specialty chemicals company's stock, valued at approximately $233,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of WDFC. Swiss National Bank raised its holdings in shares of 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 purchasing an additional 2,300 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in shares of WD-40 by 5.9% in the first quarter. Insight Wealth Strategies LLC now owns 1,230 shares of the specialty chemicals company's stock valued at $225,000 after buying an additional 68 shares in the last quarter. Rhumbline Advisers lifted its position in shares of WD-40 by 1.1% during the 4th quarter. Rhumbline Advisers now owns 38,680 shares of the specialty chemicals company's stock valued at $9,463,000 after acquiring an additional 438 shares during the last quarter. Kenfarb & CO. bought a new stake in shares of WD-40 during the 4th quarter worth $333,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of WD-40 in the 4th quarter worth $203,000. 93.52% of the stock is owned by institutional investors and hedge funds.
Get WD-40 alerts:Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. DA Davidson raised WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a report on Monday, July 18th. TheStreet cut shares of WD-40 from a "b-" rating to a "c+" rating in a report on Friday, July 8th. Finally, BWS Financial began coverage on shares of WD-40 in a report on Thursday, July 14th. They set a "sell" rating and a $88.00 price target on the stock.
WD-40 Stock Down 0.1 %
Shares of WD-40 stock opened at $186.57 on Thursday. WD-40 has a 1 year low of $163.61 and a 1 year high of $255.31. The company has a market cap of $2.54 billion, a P/E ratio of 42.12 and a beta of -0.25. The company has a current ratio of 2.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $187.68 and a 200 day moving average price of $187.50.WD-40 (NASDAQ:WDFC – Get Rating) last posted its quarterly earnings results on Thursday, July 7th. The specialty chemicals company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.21). WD-40 had a return on equity of 30.75% and a net margin of 12.10%. The company had revenue of $123.67 million during the quarter, compared to analysts' expectations of $142.80 million. During the same period last year, the company earned $1.52 earnings per share. WD-40's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts expect that WD-40 will post 5.08 EPS for the current fiscal year.
Insider Activity
In other news, Director Eric Etchart acquired 500 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the director now owns 5,692 shares in the company, valued at $1,010,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by corporate insiders.
About WD-40
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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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