Jump Financial LLC Has $3.66 Million Stock Position 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 position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 111.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,013 shares of the specialty chemicals company's stock after buying an additional 7,911 shares during the period. Jump Financial LLC owned 0.11% of WD-40 worth $3,663,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Geneva Capital Management LLC boosted its holdings in WD-40 by 18.7% in the 1st quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company's stock valued at $60,560,000 after purchasing an additional 39,137 shares during the period. Invesco Ltd. boosted its holdings in WD-40 by 122.0% in the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company's stock valued at $39,572,000 after purchasing an additional 89,120 shares during the period. Millennium Management LLC boosted its holdings in WD-40 by 206.9% in the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock valued at $38,381,000 after purchasing an additional 106,617 shares during the period. GAMMA Investing LLC boosted its holdings in WD-40 by 28,448.0% in the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock valued at $27,863,000 after purchasing an additional 113,792 shares during the period. Finally, Wellington Management Group LLP bought a new stake in WD-40 in the 1st quarter valued at $23,556,000. 91.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a 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 company's stock. According to MarketBeat.com, WD-40 has a consensus rating of "Moderate Buy" and an average target price of $290.00.

WD-40 Price Performance

Shares of NASDAQ:WDFC traded down $1.66 during midday trading on Friday, reaching $216.04. 90,408 shares of the company's stock were exchanged, compared to its average volume of 90,111. The company's 50 day simple moving average is $222.75 and its two-hundred day simple moving average is $231.50. The firm has a market capitalization of $2.92 billion, a PE ratio of 34.02 and a beta of 0.13. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. 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 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The company had revenue of $156.92 million during the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Equities research analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

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