GSA Capital Partners LLP Has $3.18 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

GSA Capital Partners LLP grew its holdings in WD-40 (NASDAQ:WDFC) by 40.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,279 shares of the specialty chemicals company’s stock after purchasing an additional 3,833 shares during the quarter. WD-40 comprises about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 27th biggest position. GSA Capital Partners LLP owned approximately 0.10% of WD-40 worth $3,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Conestoga Capital Advisors LLC lifted its stake in shares of WD-40 by 1.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 314,362 shares of the specialty chemicals company’s stock valued at $75,155,000 after purchasing an additional 3,117 shares during the period. APG Asset Management US Inc. acquired a new position in WD-40 during the 4th quarter worth approximately $38,142,000. Northern Trust Corp raised its stake in WD-40 by 2.2% during the 3rd quarter. Northern Trust Corp now owns 152,552 shares of the specialty chemicals company’s stock worth $31,005,000 after buying an additional 3,334 shares during the period. Charles Schwab Investment Management Inc. raised its stake in WD-40 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 136,121 shares of the specialty chemicals company’s stock worth $32,542,000 after buying an additional 2,765 shares during the period. Finally, Norges Bank acquired a new position in WD-40 during the 4th quarter worth approximately $19,697,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “buy” rating and set a $313.00 price target on shares of WD-40 in a research note on Wednesday, April 10th.

WD-40 Stock Up 0.5 %

WDFC stock opened at $222.93 on Friday. The stock’s 50 day simple moving average is $231.65 and its 200 day simple moving average is $245.69. WD-40 has a fifty-two week low of $182.53 and a fifty-two week high of $278.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The company has a market cap of $3.02 billion, a P/E ratio of 44.50 and a beta of -0.07.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. On average, research analysts expect that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Transactions at WD-40

In related news, CFO Sara Kathleen Hyzer acquired 213 shares of the stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of $232.83 per share, with a total value of $49,592.79. Following the completion of the purchase, the chief financial officer now directly owns 2,676 shares in the company, valued at approximately $623,053.08. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other WD-40 news, CFO Sara Kathleen Hyzer bought 213 shares of WD-40 stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $232.83 per share, with a total value of $49,592.79. Following the completion of the acquisition, the chief financial officer now directly owns 2,676 shares in the company, valued at approximately $623,053.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Pendarvis bought 328 shares of WD-40 stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $234.75 per share, with a total value of $76,998.00. Following the completion of the acquisition, the director now owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The disclosure for this purchase can be found here. Insiders purchased a total of 973 shares of company stock valued at $226,910 over the last ninety days. 0.65% of the stock is currently owned by insiders.

WD-40 Company Profile

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, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.