WD-40 (WDFC) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its position in shares of WD-40 (NASDAQ:WDFC) by 220.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,044 shares of the specialty chemicals company’s stock after purchasing an additional 4,159 shares during the period. Private Advisor Group LLC’s holdings in WD-40 were worth $1,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cozad Asset Management Inc. purchased a new position in shares of WD-40 during the second quarter valued at about $409,000. Citadel Advisors LLC grew its position in WD-40 by 32.9% in the second quarter. Citadel Advisors LLC now owns 37,188 shares of the specialty chemicals company’s stock worth $5,438,000 after acquiring an additional 9,198 shares in the last quarter. Nwam LLC purchased a new position in WD-40 in the third quarter worth about $224,000. Virginia Retirement Systems ET AL purchased a new position in WD-40 in the second quarter worth about $804,000. Finally, Schwab Charles Investment Management Inc. grew its position in WD-40 by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 96,333 shares of the specialty chemicals company’s stock worth $14,089,000 after acquiring an additional 5,129 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

In other WD-40 news, VP Stanley Sewitch, Jr. sold 2,167 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $163.80, for a total transaction of $354,954.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. Freeman sold 5,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total value of $911,472.78. The disclosure for this sale can be found here. Insiders have sold 9,720 shares of company stock valued at $1,626,474 in the last 90 days. Company insiders own 2.09% of the company’s stock.

WDFC has been the subject of several recent research reports. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. WD-40 has an average rating of “Hold” and an average target price of $149.67.

WDFC opened at $168.79 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 40.87, a P/E/G ratio of 3.74 and a beta of 0.52. WD-40 has a 12 month low of $111.50 and a 12 month high of $184.25. The company has a quick ratio of 1.53, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.55. WD-40 had a return on equity of 38.51% and a net margin of 15.96%. The company had revenue of $102.60 million during the quarter. During the same quarter in the prior year, the business posted $1.01 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Analysts anticipate that WD-40 will post 4.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 19th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, October 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. WD-40’s dividend payout ratio (DPR) is presently 52.30%.

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About WD-40

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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