Jump Financial LLC Sells 1,247 Shares of WD-40 (NASDAQ:WDFC)

Jump Financial LLC lessened its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,102 shares of the specialty chemicals company's stock after selling 1,247 shares during the quarter. Jump Financial LLC owned about 0.05% of WD-40 worth $1,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its position in shares of WD-40 by 309.7% in the third quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company's stock worth $9,566,000 after buying an additional 28,039 shares during the period. Sanctuary Advisors LLC grew its stake in WD-40 by 30.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,881 shares of the specialty chemicals company's stock valued at $534,000 after acquiring an additional 438 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of WD-40 by 365.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,841 shares of the specialty chemicals company's stock valued at $1,248,000 after purchasing an additional 3,801 shares during the period. JPMorgan Chase & Co. lifted its position in shares of WD-40 by 24.8% in the third quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company's stock worth $13,913,000 after purchasing an additional 10,711 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of WD-40 by 23.1% during the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after purchasing an additional 75 shares during the period. Institutional investors own 91.52% of the company's stock.

WD-40 Stock Down 1.9 %

Shares of WDFC stock traded down $4.32 on Friday, hitting $220.30. The company's stock had a trading volume of 19,635 shares, compared to its average volume of 100,750. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 42.20 and a beta of 0.03. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The firm's fifty day moving average price is $233.96 and its 200-day moving average price is $247.95.

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

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.71%. WD-40's payout ratio is 59.97%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer bought 256 shares of WD-40 stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the purchase, the chief financial officer now owns 4,072 shares in the company, valued at approximately $907,363.76. This represents a 6.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

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.