Jane Street Group LLC Has $4.59 Million Holdings in WD-40 (NASDAQ:WDFC)

Jane Street Group LLC lessened its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 39.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,919 shares of the specialty chemicals company's stock after selling 12,574 shares during the period. Jane Street Group LLC owned 0.14% of WD-40 worth $4,591,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WDFC. TD Waterhouse Canada Inc. acquired a new stake in shares of WD-40 during the 4th quarter worth $27,000. SRS Capital Advisors Inc. boosted its holdings in WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 163 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in WD-40 in the fourth quarter valued at $49,000. Anchor Investment Management LLC raised its holdings in WD-40 by 3,400.0% in the fourth quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 340 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after buying an additional 75 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WD-40

In other news, CFO Sara Kathleen Hyzer bought 256 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

WD-40 Stock Down 0.2%

NASDAQ:WDFC traded down $0.57 during trading hours on Friday, hitting $243.33. 13,306 shares of the stock traded hands, compared to its average volume of 100,766. The firm has a 50 day moving average price of $232.46 and a 200 day moving average price of $245.00. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 46.61 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. Equities research analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, April 17th. 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.