WD-40 (NASDAQ:WDFC) Position Lifted by BlackRock Inc.

BlackRock Inc. increased its holdings in shares of WD-40 (NASDAQ:WDFC) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,045,376 shares of the specialty chemicals company’s stock after acquiring an additional 47,977 shares during the period. BlackRock Inc. owned approximately 14.82% of WD-40 worth $346,569,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WDFC. Acadian Asset Management LLC boosted its stake in shares of WD-40 by 23.8% during the first quarter. Acadian Asset Management LLC now owns 307,345 shares of the specialty chemicals company’s stock valued at $52,076,000 after acquiring an additional 59,158 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of WD-40 by 21.1% during the first quarter. Parametric Portfolio Associates LLC now owns 62,668 shares of the specialty chemicals company’s stock valued at $10,618,000 after acquiring an additional 10,918 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of WD-40 by 2,758.3% during the first quarter. Martingale Asset Management L P now owns 42,903 shares of the specialty chemicals company’s stock valued at $7,270,000 after acquiring an additional 41,402 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of WD-40 by 5.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,478 shares of the specialty chemicals company’s stock valued at $589,000 after acquiring an additional 188 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of WD-40 by 22.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,655 shares of the specialty chemicals company’s stock valued at $958,000 after acquiring an additional 1,054 shares during the last quarter. 89.33% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on WDFC. BidaskClub downgraded WD-40 from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Zacks Investment Research downgraded WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, ValuEngine downgraded WD-40 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. WD-40 presently has an average rating of “Hold” and a consensus price target of $164.50.

NASDAQ WDFC opened at $162.40 on Thursday. WD-40 has a twelve month low of $143.75 and a twelve month high of $187.50. The stock has a market cap of $2.26 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.30. The company has a current ratio of 2.07, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41.

WD-40 (NASDAQ:WDFC) last released its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. WD-40 had a return on equity of 39.13% and a net margin of 16.24%. The firm had revenue of $101.30 million for the quarter, compared to the consensus estimate of $104.10 million. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts anticipate that WD-40 will post 4.56 EPS for the current year.

In other news, Director Daniel E. Pittard acquired 400 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were bought at an average cost of $165.00 per share, for a total transaction of $66,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven A. Brass sold 822 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $164.30, for a total value of $135,054.60. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

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WD-40 Profile

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

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