SG Americas Securities LLC Raises Holdings in WD-40 (WDFC)

SG Americas Securities LLC lifted its stake in shares of WD-40 (NASDAQ:WDFC) by 169.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,748 shares of the specialty chemicals company’s stock after purchasing an additional 2,358 shares during the quarter. SG Americas Securities LLC’s holdings in WD-40 were worth $548,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of WD-40 by 1.0% during the second quarter. Rhumbline Advisers now owns 39,854 shares of the specialty chemicals company’s stock worth $5,829,000 after purchasing an additional 384 shares during the last quarter. Legal & General Group Plc grew its holdings in WD-40 by 1.9% during the first quarter. Legal & General Group Plc now owns 28,382 shares of the specialty chemicals company’s stock worth $3,738,000 after acquiring an additional 516 shares during the period. Victory Capital Management Inc. grew its holdings in WD-40 by 15.9% during the second quarter. Victory Capital Management Inc. now owns 4,073 shares of the specialty chemicals company’s stock worth $596,000 after acquiring an additional 558 shares during the period. Xact Kapitalforvaltning AB grew its holdings in WD-40 by 22.5% during the first quarter. Xact Kapitalforvaltning AB now owns 3,265 shares of the specialty chemicals company’s stock worth $430,000 after acquiring an additional 600 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in WD-40 by 31.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,578 shares of the specialty chemicals company’s stock worth $377,000 after acquiring an additional 622 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.

Shares of WDFC stock opened at $176.35 on Friday. WD-40 has a 1-year low of $106.55 and a 1-year high of $184.25. The firm has a market cap of $2.47 billion, a P/E ratio of 43.39 and a beta of 0.62. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, July 10th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.10. WD-40 had a return on equity of 39.44% and a net margin of 14.40%. The firm had revenue of $107.00 million for the quarter, compared to analyst estimates of $103.33 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. WD-40’s quarterly revenue was up 9.0% on a year-over-year basis. equities analysts predict that WD-40 will post 4.09 EPS for the current fiscal year.

A number of research analysts recently weighed in on WDFC shares. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Sunday, July 15th. BidaskClub raised WD-40 from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. B. Riley upped their price objective on WD-40 from $135.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, July 11th. Finally, ValuEngine raised WD-40 from a “hold” rating to a “buy” rating in a report on Monday, June 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $142.75.

In other WD-40 news, insider William B. Noble sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $166.13, for a total value of $332,260.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Geoffrey Holdsworth sold 1,592 shares of the company’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $157.90, for a total value of $251,376.80. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

WD-40 Profile

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.

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

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