Quantbot Technologies LP Cuts Holdings in WD-40 (NASDAQ:WDFC)

Quantbot Technologies LP cut its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,584 shares of the specialty chemicals company's stock after selling 2,833 shares during the quarter. Quantbot Technologies LP's holdings in WD-40 were worth $1,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDFC. SRS Capital Advisors Inc. lifted its stake in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of WD-40 by 23.1% in the 4th 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of WD-40 by 77.9% in the 3rd 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 last quarter. KBC Group NV raised its stake in shares of WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after acquiring an additional 103 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in WD-40 by 39.9% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock valued at $142,000 after acquiring an additional 157 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "buy" rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

WD-40 Stock Down 0.3 %

Shares of WDFC traded down $0.65 during mid-day trading on Friday, hitting $241.84. 85,842 shares of the company traded hands, compared to its average volume of 100,533. The company has a market capitalization of $3.28 billion, a PE ratio of 46.33 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $236.28 and a 200 day moving average of $252.22. WD-40 has a 1-year low of $211.03 and a 1-year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $147.40 million. During the same quarter last year, the company posted $1.28 earnings per share. The business's quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company 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. This represents a $3.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, April 17th. WD-40's payout ratio is 72.03%.

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.