GSA Capital Partners LLP Acquires Shares of 4,988 WD-40 Company $WDFC

GSA Capital Partners LLP acquired a new stake in shares of WD-40 Company (NASDAQ:WDFC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,988 shares of the specialty chemicals company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDFC. Royal Bank of Canada raised its stake in WD-40 by 4.6% during the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock valued at $5,032,000 after buying an additional 901 shares in the last quarter. AQR Capital Management LLC raised its stake in WD-40 by 7.4% during the first quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company’s stock valued at $1,553,000 after buying an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in WD-40 by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company’s stock valued at $1,975,000 after buying an additional 343 shares in the last quarter. NewEdge Advisors LLC raised its stake in WD-40 by 6.6% during the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock valued at $385,000 after buying an additional 98 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of WD-40 by 476.2% during the first quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock valued at $911,000 after purchasing an additional 3,086 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WDFC shares. DA Davidson lowered their target price on WD-40 from $300.00 to $270.00 and set a “buy” rating for the company in a report on Friday, April 10th. William Blair started coverage on WD-40 in a report on Monday, April 6th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.00.

WD-40 Stock Down 0.7%

NASDAQ:WDFC opened at $206.49 on Friday. The firm has a market capitalization of $2.78 billion, a PE ratio of 35.12 and a beta of 0.33. The stock has a 50 day moving average of $212.24 and a 200-day moving average of $212.37. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $253.24. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. The company had revenue of $161.67 million during the quarter, compared to analyst estimates of $154.90 million. WD-40 had a return on equity of 30.23% and a net margin of 12.57%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 earnings per share. Analysts predict that WD-40 Company will post 5.99 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 17th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, April 17th. WD-40’s dividend payout ratio is 69.39%.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.