Private Advisor Group LLC Decreases Position in WD-40 Company (WDFC)

Private Advisor Group LLC reduced its stake in shares of WD-40 Company (NASDAQ:WDFC) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,336 shares of the company’s stock after selling 51 shares during the period. Private Advisor Group LLC owned approximately 0.06% of WD-40 Company worth $860,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WDFC. Hermes Investment Management Ltd. boosted its position in shares of WD-40 Company by 5.7% in the third quarter. Hermes Investment Management Ltd. now owns 213,095 shares of the company’s stock valued at $23,958,000 after buying an additional 11,416 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of WD-40 Company by 6.8% in the third quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company’s stock valued at $708,000 after buying an additional 400 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of WD-40 Company by 192.2% in the third quarter. Acadian Asset Management LLC now owns 44,147 shares of the company’s stock valued at $4,965,000 after buying an additional 29,039 shares during the last quarter. First Quadrant L P CA bought a new position in shares of WD-40 Company during the third quarter valued at about $616,000. Finally, Capstone Asset Management Co. boosted its position in shares of WD-40 Company by 0.4% in the third quarter. Capstone Asset Management Co. now owns 5,265 shares of the company’s stock valued at $592,000 after buying an additional 20 shares during the last quarter. 77.81% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for WD-40 Company (NASDAQ:WDFC)

WD-40 Company (NASDAQ:WDFC) traded down 0.32% during midday trading on Monday, reaching $108.15. The company had a trading volume of 54,285 shares. WD-40 Company has a 12 month low of $99.32 and a 12 month high of $125.00. The firm has a market capitalization of $1.53 billion, a PE ratio of 29.79 and a beta of 0.62. The firm’s 50-day moving average price is $108.56 and its 200 day moving average price is $111.50.

WD-40 Company (NASDAQ:WDFC) last released its quarterly earnings data on Monday, January 9th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.05. The company had revenue of $89.25 million for the quarter. WD-40 Company had a net margin of 13.86% and a return on equity of 36.97%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. Equities analysts anticipate that WD-40 Company will post $3.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.81%. This is an increase from WD-40 Company’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, January 18th. WD-40 Company’s payout ratio is presently 53.99%.

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Several brokerages have recently issued reports on WDFC. Zacks Investment Research cut WD-40 Company from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th. B. Riley restated a “neutral” rating and set a $119.00 target price on shares of WD-40 Company in a research note on Tuesday, January 10th. Jefferies Group LLC restated a “hold” rating and set a $110.00 target price (down previously from $120.00) on shares of WD-40 Company in a research note on Thursday, October 20th. Finally, Wunderlich decreased their target price on WD-40 Company from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, October 20th.

WD-40 Company Company Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

5 Day Chart for NASDAQ:WDFC

Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 Company (NASDAQ:WDFC).

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