SG Americas Securities LLC raised its position in WD-40 (NASDAQ:WDFC) by 138.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,930 shares of the specialty chemicals company’s stock after buying an additional 5,182 shares during the quarter. SG Americas Securities LLC owned about 0.06% of WD-40 worth $1,537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WDFC. Principal Financial Group Inc. increased its holdings in shares of WD-40 by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 112,123 shares of the specialty chemicals company’s stock worth $14,767,000 after purchasing an additional 3,074 shares during the period. Aperio Group LLC increased its holdings in shares of WD-40 by 5.3% during the 2nd quarter. Aperio Group LLC now owns 12,376 shares of the specialty chemicals company’s stock worth $1,810,000 after purchasing an additional 625 shares during the period. First Trust Advisors LP increased its holdings in shares of WD-40 by 26.9% during the 2nd quarter. First Trust Advisors LP now owns 38,086 shares of the specialty chemicals company’s stock worth $5,570,000 after purchasing an additional 8,068 shares during the period. Victory Capital Management Inc. increased its holdings in shares of WD-40 by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,073 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 558 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new stake in WD-40 in the second quarter valued at about $804,000. 89.89% of the stock is currently owned by hedge funds and other institutional investors.

In other WD-40 news, insider Michael L. Freeman sold 6,000 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $167.36, for a total value of $1,004,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stanley Sewitch, Jr. sold 2,167 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $166.15, for a total transaction of $360,047.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,720 shares of company stock worth $2,630,634. Company insiders own 2.09% of the company’s stock.

WDFC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $149.67.

NASDAQ WDFC opened at $171.80 on Wednesday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. WD-40 has a twelve month low of $115.55 and a twelve month high of $184.25. The company has a current ratio of 1.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.55. The business had revenue of $102.60 million for the quarter. WD-40 had a net margin of 15.96% and a return on equity of 38.51%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. As a group, research analysts anticipate that WD-40 will post 4.5 earnings per share for the current fiscal year.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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