Jump Financial LLC Has $3.66 Million Stock Holdings in WD-40 Company $WDFC

Key Points

• Jump Financial LLC increased its stake in WD-40 Company by 111.4% during Q1, owning approximately 15,013 shares valued at $3.66 million.
• WD-40's latest earnings report revealed a net margin of 14.13% and an EPS of $1.54, surpassing analysts' expectations of $1.40.
• The company announced a quarterly dividend of $0.94, resulting in an annualized dividend yield of 1.7% and a payout ratio of 59.21%.

Jump Financial LLC increased its holdings in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 111.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,013 shares of the specialty chemicals company's stock after purchasing an additional 7,911 shares during the quarter. Jump Financial LLC owned approximately 0.11% of WD-40 worth $3,663,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in WD-40 by 36.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company's stock worth $447,000 after purchasing an additional 491 shares during the last quarter. KBC Group NV boosted its holdings in WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 49 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in WD-40 by 15.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company's stock worth $1,168,000 after purchasing an additional 645 shares during the last quarter. GAMMA Investing LLC boosted its holdings in WD-40 by 17.0% during the first quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock worth $114,000 after purchasing an additional 68 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of WD-40 by 37.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company's stock valued at $563,000 after buying an additional 627 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Stock Performance

WDFC traded down $3.76 during trading hours on Thursday, reaching $217.70. The company's stock had a trading volume of 83,793 shares, compared to its average volume of 102,928. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84. The firm has a market cap of $2.95 billion, a PE ratio of 34.28 and a beta of 0.15. The company's 50-day moving average is $223.12 and its 200-day moving average is $231.58. WD-40 Company has a 52 week low of $208.00 and a 52 week high of $292.36.

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

WD-40 Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their price objective on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $290.00.

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 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.