Rhumbline Advisers raised its position in WD-40 (NASDAQ:WDFC) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,470 shares of the specialty chemicals company’s stock after acquiring an additional 4,118 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of WD-40 worth $4,657,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDFC. Neuberger Berman Group LLC grew its position in shares of WD-40 by 13.4% during the third quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock worth $75,027,000 after buying an additional 79,356 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of WD-40 by 18.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 371,360 shares of the specialty chemicals company’s stock worth $43,820,000 after buying an additional 58,585 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of WD-40 by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 204,788 shares of the specialty chemicals company’s stock worth $24,165,000 after buying an additional 5,341 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of WD-40 by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 89,568 shares of the specialty chemicals company’s stock worth $10,570,000 after buying an additional 3,425 shares in the last quarter. Finally, BB&T Securities LLC grew its position in shares of WD-40 by 1.5% during the third quarter. BB&T Securities LLC now owns 76,989 shares of the specialty chemicals company’s stock worth $8,615,000 after buying an additional 1,165 shares in the last quarter. 85.82% of the stock is owned by institutional investors.
In other news, insider Michael L. Freeman sold 4,861 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total transaction of $581,278.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Holdsworth sold 1,690 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was 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. 3.62% of the stock is owned by corporate insiders.
Shares of WD-40 stock traded down $1.25 during midday trading on Monday, reaching $132.45. The company’s stock had a trading volume of 26,428 shares, compared to its average volume of 62,491. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.29 and a current ratio of 3.90. WD-40 has a one year low of $100.60 and a one year high of $134.40. The stock has a market capitalization of $1,868.35, a PE ratio of 35.18, a P/E/G ratio of 3.40 and a beta of 0.57.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $93.00 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts predict that WD-40 will post 3.94 EPS for the current year.
WARNING: “WD-40 (WDFC) Position Lifted by Rhumbline Advisers” was first reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://weekherald.com/2018/03/19/wd-40-wdfc-shares-bought-by-rhumbline-advisers.html.
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.
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.