Atria Investments Inc Decreases Position in WD-40 (NASDAQ:WDFC)

Atria Investments Inc decreased its stake in WD-40 (NASDAQ:WDFC) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,994 shares of the specialty chemicals company’s stock after selling 174 shares during the period. Atria Investments Inc’s holdings in WD-40 were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of WD-40 by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 14,345 shares of the specialty chemicals company’s stock worth $3,481,000 after buying an additional 294 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after buying an additional 5,095 shares during the period. Steward Partners Investment Advisory LLC boosted its position 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 buying an additional 233 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of WD-40 in the fourth quarter worth about $2,185,000. Finally, Jones Financial Companies Lllp boosted its position in shares of WD-40 by 222.4% in the fourth quarter. Jones Financial Companies Lllp now owns 648 shares of the specialty chemicals company’s stock worth $157,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price 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 market capitalization of $3.23 billion, a P/E ratio of 45.71 and a beta of -0.10. WD-40 has a one year low of $211.03 and a one year high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The stock has a 50-day moving average price of $235.53 and a 200 day moving average price of $253.63.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $153.30 million during the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. 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 posted $1.28 earnings per share. Sell-side analysts forecast that WD-40 will post 5.42 EPS for the current fiscal year.

About WD-40

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.