Brevan Howard Capital Management LP acquired a new stake in shares of WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,854 shares of the specialty chemicals company's stock, valued at approximately $1,178,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of WDFC. TD Waterhouse Canada Inc. bought a new position in WD-40 during the 4th quarter valued at $27,000. SRS Capital Advisors Inc. boosted its stake in WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after buying an additional 163 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in WD-40 during the fourth quarter worth about $49,000. Anchor Investment Management LLC lifted its holdings in WD-40 by 3,400.0% in the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 340 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.
Analyst Ratings Changes
Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a report on Monday, April 14th.
Read Our Latest Stock Analysis on WDFC
WD-40 Stock Down 0.2%
Shares of NASDAQ WDFC traded down $0.48 during mid-day trading on Tuesday, reaching $236.73. The company had a trading volume of 14,294 shares, compared to its average volume of 100,464. The stock has a fifty day moving average of $232.72 and a two-hundred day moving average of $245.23. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 45.35 and a beta of 0.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.
WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. During the same period in the prior year, the business posted $1.14 earnings per share. WD-40's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that WD-40 will post 5.42 EPS for the current year.
WD-40 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a $0.94 dividend. The ex-dividend date was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.59%. WD-40's dividend payout ratio (DPR) is presently 59.97%.
Insider Buying and Selling at WD-40
In other news, CFO Sara Kathleen Hyzer bought 256 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of $222.83 per share, with a total value of $57,044.48. Following the purchase, the chief financial officer now owns 4,072 shares of the company's stock, valued at approximately $907,363.76. This represents a 6.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company's stock.
WD-40 Profile
(
Free Report)
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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.
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