Natixis Advisors L.P. lowered its position in shares of WD-40 (NASDAQ:WDFC) by 30.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,728 shares of the specialty chemicals company’s stock after selling 19,853 shares during the quarter. Natixis Advisors L.P. owned 0.33% of WD-40 worth $7,114,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WDFC. Geode Capital Management LLC lifted its position in WD-40 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 168,321 shares of the specialty chemicals company’s stock valued at $30,846,000 after acquiring an additional 13,452 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of WD-40 by 569.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,133 shares of the specialty chemicals company’s stock worth $531,000 after buying an additional 2,665 shares in the last quarter. First Republic Investment Management Inc. raised its position in WD-40 by 4.1% in the 1st quarter. First Republic Investment Management Inc. now owns 5,133 shares of the specialty chemicals company’s stock valued at $870,000 after buying an additional 203 shares during the last quarter. Rhumbline Advisers raised its position in WD-40 by 2.0% in the 1st quarter. Rhumbline Advisers now owns 45,679 shares of the specialty chemicals company’s stock valued at $7,740,000 after buying an additional 897 shares during the last quarter. Finally, Comerica Bank lifted its stake in WD-40 by 4.9% in the 1st quarter. Comerica Bank now owns 19,815 shares of the specialty chemicals company’s stock valued at $3,242,000 after acquiring an additional 921 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. DA Davidson set a $209.00 price target on WD-40 and gave the stock a “buy” rating in a research report on Monday, July 15th. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating and set a $207.00 price objective on the stock. in a report on Saturday. Finally, BidaskClub raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, August 16th.
WDFC stock traded down $1.84 during midday trading on Wednesday, hitting $182.00. The company’s stock had a trading volume of 2,581 shares, compared to its average volume of 96,628. The company’s fifty day moving average price is $182.62 and its 200 day moving average price is $171.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.90 and a quick ratio of 1.39. WD-40 has a twelve month low of $149.38 and a twelve month high of $188.28. The stock has a market capitalization of $2.52 billion, a P/E ratio of 44.00, a PEG ratio of 3.69 and a beta of 0.26.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.08. The company had revenue of $114.00 million during the quarter, compared to the consensus estimate of $109.40 million. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. Equities analysts expect that WD-40 will post 4.01 EPS for the current fiscal year.
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 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 and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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