VGI PARTNERS PTY Ltd raised its holdings in WD-40 (NASDAQ:WDFC) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 357,956 shares of the specialty chemicals company’s stock after purchasing an additional 79,459 shares during the quarter. WD-40 accounts for approximately 6.1% of VGI PARTNERS PTY Ltd’s investment portfolio, making the stock its 8th biggest position. VGI PARTNERS PTY Ltd owned about 2.56% of WD-40 worth $42,239,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. Whittier Trust Co. boosted its holdings in shares of WD-40 by 2.1% in the 4th quarter. Whittier Trust Co. now owns 24,151 shares of the specialty chemicals company’s stock valued at $2,850,000 after purchasing an additional 503 shares in the last quarter. American International Group Inc. boosted its holdings in shares of WD-40 by 5.7% during the 3rd quarter. American International Group Inc. now owns 10,968 shares of the specialty chemicals company’s stock valued at $1,227,000 after acquiring an additional 588 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of WD-40 by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 27,721 shares of the specialty chemicals company’s stock valued at $3,102,000 after acquiring an additional 615 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of WD-40 by 7.1% during the 4th quarter. Aperio Group LLC now owns 11,432 shares of the specialty chemicals company’s stock valued at $1,349,000 after acquiring an additional 756 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of WD-40 by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 35,352 shares of the specialty chemicals company’s stock valued at $3,956,000 after acquiring an additional 858 shares in the last quarter. 86.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael L. Freeman sold 4,861 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total value of $581,278.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Geoffrey Holdsworth sold 1,690 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $126.85, for a total value of $214,376.50. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
Shares of WD-40 (WDFC) traded up $0.50 on Wednesday, reaching $132.30. The company’s stock had a trading volume of 45,819 shares, compared to its average volume of 61,842. WD-40 has a 52-week low of $100.60 and a 52-week high of $133.70. 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 cap of $1,841.80, a P/E ratio of 34.82, a PEG ratio of 3.35 and a beta of 0.57.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The firm had revenue of $97.60 million during the quarter, compared to analyst estimates of $93.00 million. During the same period last year, the company posted $0.82 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts forecast that WD-40 will post 3.94 EPS for the current fiscal year.
WD-40 Company Profile
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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