Proficio Capital Partners LLC Acquires New Holdings in WD-40 (NASDAQ:WDFC)

Proficio Capital Partners LLC acquired a new stake in WD-40 (NASDAQ:WDFC) 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) 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.