APG Asset Management N.V. Has $73.19 Million Stock Holdings in WD-40 Company $WDFC

Key Points

• APG Asset Management N.V. reduced its holdings in WD-40 Company by 70.6%, selling 776,675 shares and now owning 324,004 shares, worth approximately $73.2 million.
• Analysts have set a consensus rating of "Moderate Buy" for WD-40, with a recent price target reduction from $322 to $300.
• WD-40 reported $1.54 EPS for the most recent quarter, exceeding analyst estimates, while revenue increased by 1.2% year-over-year to $156.92 million.

APG Asset Management N.V. decreased its stake in WD-40 Company (NASDAQ:WDFC - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,004 shares of the specialty chemicals company's stock after selling 776,675 shares during the period. APG Asset Management N.V. owned 2.39% of WD-40 worth $73,187,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of WD-40 during the 4th quarter worth approximately $25,000. TD Waterhouse Canada Inc. purchased a new stake in shares of WD-40 during the fourth quarter worth about $27,000. Golden State Wealth Management LLC grew its holdings in WD-40 by 210.6% in the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 99 shares during the period. Versant Capital Management Inc grew its holdings in WD-40 by 96.1% in the first quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 73 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in WD-40 by 420.0% in the first quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their target price on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, WD-40 currently has a consensus rating of "Moderate Buy" and a consensus price target of $290.00.

WD-40 Price Performance

Shares of NASDAQ:WDFC traded up $4.80 during trading hours on Wednesday, hitting $221.46. 96,237 shares of the company's stock traded hands, compared to its average volume of 145,373. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84. WD-40 Company has a 52 week low of $208.00 and a 52 week high of $292.36. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 34.88 and a beta of 0.15. The company's fifty day simple moving average is $224.08 and its two-hundred day simple moving average is $231.76.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The business had revenue of $156.92 million during the quarter, compared to analyst estimates of $160.60 million. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, equities analysts anticipate that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 18th. WD-40's dividend payout ratio (DPR) is 59.21%.

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.