WD-40 (NASDAQ:WDFC)‘s stock had its “hold” rating reiterated by equities researchers at B. Riley in a research note issued on Thursday. They presently have a $125.00 price target on the specialty chemicals company’s stock. B. Riley’s target price points to a potential downside of 0.75% from the stock’s previous close.

WDFC has been the subject of a number of other research reports. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, FBR & Co reissued a “neutral” rating and set a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. WD-40 currently has a consensus rating of “Hold” and a consensus price target of $123.75.

WD-40 (NASDAQ:WDFC) traded down $0.75 during mid-day trading on Thursday, hitting $125.95. 48,843 shares of the stock were exchanged, compared to its average volume of 75,117. WD-40 has a twelve month low of $100.60 and a twelve month high of $127.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 3.29. The firm has a market capitalization of $1,752.37, a P/E ratio of 33.14, a P/E/G ratio of 3.19 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The business had revenue of $97.60 million during the quarter, compared to the consensus estimate of $93.00 million. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. research analysts forecast that WD-40 will post 3.94 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in WDFC. SG Americas Securities LLC acquired a new position in WD-40 in the third quarter worth $118,000. Riverhead Capital Management LLC boosted its holdings in WD-40 by 45.8% in the second quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock worth $129,000 after purchasing an additional 366 shares during the period. Pinebridge Investments L.P. boosted its holdings in WD-40 by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock worth $204,000 after purchasing an additional 11 shares during the period. Victory Capital Management Inc. boosted its holdings in WD-40 by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,883 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 283 shares during the period. Finally, Amalgamated Bank boosted its holdings in WD-40 by 3.5% in the second quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock worth $213,000 after purchasing an additional 65 shares during the period. 81.47% of the stock is owned by hedge funds and other institutional investors.

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About WD-40

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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