Trexquant Investment LP Purchases Shares of 4,379 WD-40 Company $WDFC

Key Points

• Trexquant Investment LP has acquired a new position in WD-40 Company, purchasing 4,379 shares valued at approximately $1.07 million.
• WD-40 reported earnings per share (EPS) of $1.54 for the last quarter, surpassing analysts’ expectations of $1.40, with a revenue of $156.92 million.
• The company recently declared a quarterly dividend of $0.94 per share, which represents an annualized dividend yield of 1.7%.

Trexquant Investment LP acquired a new stake in WD-40 Company (NASDAQ:WDFC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,379 shares of the specialty chemicals company's stock, valued at approximately $1,068,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in shares of WD-40 in the 4th quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of WD-40 by 96.1% in the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of WD-40 by 210.6% in the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 99 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of WD-40 by 82.6% in the 1st quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 71 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of WD-40 by 420.0% in the 1st quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 126 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Trading Down 0.8%

WD-40 stock traded down $1.77 during midday trading on Friday, reaching $211.03. 101,918 shares of the stock traded hands, compared to its average volume of 89,580. The company has a 50-day simple moving average of $218.53 and a two-hundred day simple moving average of $230.29. WD-40 Company has a 12-month low of $208.00 and a 12-month high of $292.36. The firm has a market cap of $2.86 billion, a PE ratio of 33.23 and a beta of 0.13. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The company had revenue of $156.92 million during the quarter, compared to analysts' expectations of $160.60 million. During the same period last year, the business posted $1.46 EPS. WD-40's revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that WD-40 Company will post 5.42 earnings per share 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 given a $0.94 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a yield of 1.8%. WD-40's dividend payout ratio (DPR) is currently 59.21%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target 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 given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $290.00.

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.