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

Jane Street Group LLC trimmed its holdings in shares of WD-40 (NASDAQ:WDFC) by 39.9% in the fourth quarter, HoldingsChannel reports. 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’s holdings in WD-40 were worth $4,591,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its position in WD-40 by 309.7% during the third quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock valued at $9,566,000 after purchasing an additional 28,039 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $13,913,000 after buying an additional 10,711 shares in the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 75 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in WD-40 by 19.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company’s stock worth $669,000 after buying an additional 450 shares during the last quarter. Finally, Inspire Investing LLC raised its position in WD-40 by 3.8% during the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock worth $402,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of the stock in a transaction on Friday, April 11th. The shares were purchased at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

Shares of NASDAQ WDFC opened at $231.82 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.14 billion, a P/E ratio of 44.41 and a beta of 0.17. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The stock has a 50 day moving average of $232.79 and a 200-day moving average of $245.59.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping 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 firm had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the previous year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were issued a $0.94 dividend. The ex-dividend date was Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.62%. WD-40’s dividend payout ratio is currently 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.