Proficio Capital Partners LLC acquired a new stake in WD-40 (NASDAQ:WDFC – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,937 shares of the specialty chemicals company’s stock, valued at approximately $6,537,000. Proficio Capital Partners LLC owned about 0.20% of WD-40 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its position in WD-40 by 525.8% in the 4th 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 last quarter. GAMMA Investing LLC lifted its position in WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 75 shares during the last quarter. KBC Group NV lifted its position in WD-40 by 28.6% in the 3rd 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in WD-40 by 77.9% in the 3rd 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in WD-40 by 70.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock valued at $137,000 after purchasing an additional 233 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, DA Davidson restated a “buy” rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th.
WD-40 Stock Up 0.5 %
WDFC stock opened at $238.58 on Monday. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 45.71 and a beta of -0.10. The firm’s 50-day moving average is $235.53 and its two-hundred day moving average is $253.60. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.
WD-40 (NASDAQ:WDFC – Get Free Report) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the previous year, the firm earned $1.28 EPS. WD-40’s revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.
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.
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