GCQ FUNDS MANAGEMENT PTY Ltd Invests $4.53 Million in WD-40 (NASDAQ:WDFC)

GCQ FUNDS MANAGEMENT PTY Ltd acquired a new stake in shares of WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,676 shares of the specialty chemicals company's stock, valued at approximately $4,532,000. WD-40 makes up about 1.6% of GCQ FUNDS MANAGEMENT PTY Ltd's holdings, making the stock its 10th biggest position. GCQ FUNDS MANAGEMENT PTY Ltd owned 0.14% of WD-40 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDFC. SRS Capital Advisors Inc. lifted its position in shares of WD-40 by 525.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 163 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 75 shares in the last quarter. KBC Group NV lifted its holdings in shares of WD-40 by 28.6% in the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company's stock valued at $115,000 after purchasing an additional 99 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of WD-40 by 77.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock worth $122,000 after buying an additional 208 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of WD-40 by 70.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after buying an additional 233 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

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WD-40 Stock Down 2.2 %

WDFC traded down $5.27 on Friday, reaching $230.67. 189,154 shares of the company traded hands, compared to its average volume of 99,248. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 44.19 and a beta of -0.10. 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's 50 day moving average price is $235.62 and its 200-day moving average price is $252.88. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $153.30 million for the quarter, compared to analysts' expectations of $147.40 million. During the same period in the previous year, the company posted $1.28 EPS. WD-40's revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. WD-40's dividend payout ratio is currently 72.03%.

Analyst Ratings Changes

Separately, DA Davidson restated a "buy" rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Company 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.