VGI PARTNERS PTY Ltd lifted its holdings in WD-40 (NASDAQ:WDFC) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,956 shares of the specialty chemicals company’s stock after buying an additional 79,459 shares during the period. WD-40 makes up approximately 6.1% of VGI PARTNERS PTY Ltd’s portfolio, making the stock its 8th biggest holding. VGI PARTNERS PTY Ltd owned 2.56% of WD-40 worth $42,239,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of WD-40 by 2.1% in the 4th quarter. BlackRock Inc. now owns 1,743,617 shares of the specialty chemicals company’s stock worth $205,746,000 after buying an additional 35,479 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of WD-40 by 13.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock worth $75,027,000 after buying an additional 79,356 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of WD-40 by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 614,585 shares of the specialty chemicals company’s stock worth $72,521,000 after buying an additional 25,800 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of WD-40 by 18.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 371,360 shares of the specialty chemicals company’s stock worth $43,820,000 after buying an additional 58,585 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of WD-40 by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 204,788 shares of the specialty chemicals company’s stock worth $24,165,000 after buying an additional 5,341 shares during the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
Several research firms recently commented on WDFC. BidaskClub upgraded WD-40 from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research downgraded WD-40 from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, B. Riley reiterated a “hold” rating and issued 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 issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $123.75.
In other WD-40 news, insider Michael L. Freeman sold 4,861 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $119.58, for a total transaction of $581,278.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey Holdsworth sold 1,690 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 3.62% of the company’s stock.
Shares of WD-40 (WDFC) traded up $0.50 during mid-day trading on Wednesday, reaching $132.30. 45,819 shares of the company’s stock were exchanged, compared to its average volume of 61,842. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 3.29. WD-40 has a 1-year low of $100.60 and a 1-year high of $133.70. The company has a market cap of $1,841.80, a PE ratio of 34.82, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57.
WD-40 (NASDAQ:WDFC) last issued its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The business had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $93.00 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts forecast that WD-40 will post 3.94 EPS for the current fiscal year.
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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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