Charles Schwab Investment Management Inc. Raises Position in WD-40 (NASDAQ:WDFC)

Charles Schwab Investment Management Inc. grew its holdings in shares of WD-40 (NASDAQ:WDFC) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,557 shares of the specialty chemicals company’s stock after acquiring an additional 5,095 shares during the period. Charles Schwab Investment Management Inc. owned about 1.11% of WD-40 worth $36,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of WDFC. SRS Capital Advisors Inc. grew its holdings in WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 163 shares during the period. GAMMA Investing LLC raised its stake in WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 75 shares during the period. KBC Group NV lifted its holdings in WD-40 by 28.6% during the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock valued at $115,000 after purchasing an additional 99 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock valued at $122,000 after purchasing an additional 208 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock worth $137,000 after purchasing an additional 233 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Trading Up 0.5 %

Shares of WDFC opened at $238.58 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The company has a 50 day simple moving average of $235.53 and a two-hundred day simple moving average of $253.63. The firm has a market cap of $3.23 billion, a P/E ratio of 45.71 and a beta of -0.10.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. WD-40’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, equities analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 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.