Cubist Systematic Strategies LLC Has $10.13 Million Holdings in WD-40 (NASDAQ:WDFC)

Cubist Systematic Strategies LLC lifted its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 456.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,728 shares of the specialty chemicals company's stock after acquiring an additional 34,229 shares during the period. Cubist Systematic Strategies LLC owned 0.31% of WD-40 worth $10,127,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brevan Howard Capital Management LP acquired a new position in shares of WD-40 in the 4th quarter valued at $1,178,000. Baird Financial Group Inc. boosted its holdings in WD-40 by 20.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,655 shares of the specialty chemicals company's stock valued at $644,000 after acquiring an additional 453 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of WD-40 in the 4th quarter worth about $10,179,000. Bank of America Corp DE lifted its stake in shares of WD-40 by 0.7% in the 4th quarter. Bank of America Corp DE now owns 39,268 shares of the specialty chemicals company's stock valued at $9,530,000 after purchasing an additional 254 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of WD-40 by 15.9% during the 4th quarter. Algert Global LLC now owns 9,669 shares of the specialty chemicals company's stock worth $2,346,000 after purchasing an additional 1,329 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The stock was acquired at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the purchase, the chief financial officer now owns 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research report on Monday, April 14th.

WD-40 Stock Performance

WDFC stock traded down $0.48 during trading on Tuesday, hitting $236.73. 14,294 shares of the company's stock traded hands, compared to its average volume of 100,464. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 45.35 and a beta of 0.17. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36. The stock has a fifty day moving average price of $232.72 and a two-hundred day moving average price of $245.23. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued 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. The company had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. As a group, equities analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced 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 payout ratio is 59.97%.

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 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.