WD-40 Company (WDFC) Stake Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of WD-40 Company (NASDAQ:WDFC) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 571,300 shares of the specialty chemicals company’s stock after selling 3,400 shares during the period. Renaissance Technologies LLC’s holdings in WD-40 Company were worth $62,243,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its position in shares of WD-40 Company by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 22 shares in the last quarter. Elkfork Partners LLC raised its position in shares of WD-40 Company by 2.4% in the first quarter. Elkfork Partners LLC now owns 1,204 shares of the specialty chemicals company’s stock valued at $131,000 after buying an additional 28 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of WD-40 Company during the first quarter valued at $132,000. Meadow Creek Investment Management LLC raised its position in shares of WD-40 Company by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,462 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 34 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of WD-40 Company by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock valued at $169,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 82.40% of the company’s stock.

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

WD-40 Company (NASDAQ WDFC) traded up 0.04% during midday trading on Friday, reaching $111.55. 61,685 shares of the company’s stock traded hands. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 31.33 and a beta of 0.76. WD-40 Company has a 1-year low of $100.60 and a 1-year high of $125.00. The stock’s 50 day moving average price is $105.70 and its 200 day moving average price is $108.16.

WD-40 Company (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, April 6th. The specialty chemicals company reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.03. WD-40 Company had a net margin of 13.45% and a return on equity of 37.17%. The firm had revenue of $96.50 million during the quarter, compared to the consensus estimate of $99.79 million. During the same period in the prior year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that WD-40 Company will post $3.66 EPS for the current year.

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Several brokerages recently weighed in on WDFC. Zacks Investment Research lowered shares of WD-40 Company from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Jefferies Group LLC restated a “hold” rating and issued a $110.00 price objective on shares of WD-40 Company in a report on Friday, March 31st. B. Riley reiterated a “neutral” rating and issued a $119.00 target price on shares of WD-40 Company in a report on Monday, April 3rd. Finally, BidaskClub upgraded shares of WD-40 Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $111.00.

In other news, Director Mario L. Crivello sold 4,726 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $104.25, for a total value of $492,685.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jay Rembolt sold 618 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $110.00, for a total transaction of $67,980.00. Following the completion of the sale, the vice president now directly owns 36,837 shares in the company, valued at $4,052,070. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,965 shares of company stock worth $627,734. Insiders own 3.90% of the company’s stock.

About WD-40 Company

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.

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