Aquatic Capital Management LLC Takes Position in WD-40 (NASDAQ:WDFC)

Aquatic Capital Management LLC bought a new position in WD-40 (NASDAQ:WDFC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,020 shares of the specialty chemicals company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings 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 valued at $9,566,000 after buying an additional 28,039 shares in the last quarter. Wilmington Savings Fund Society FSB grew 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 worth $1,248,000 after acquiring an additional 3,801 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of WD-40 by 24.8% during 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 during the period. GAMMA Investing LLC lifted 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 valued at $97,000 after purchasing an additional 75 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of WD-40 by 19.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company’s stock valued at $669,000 after purchasing an additional 450 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were acquired at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now owns 4,072 shares of the company’s stock, valued at $907,363.76. The trade was a 6.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $231.64 on Friday. The company’s fifty day moving average is $233.30 and its two-hundred day moving average is $246.55. The company has a market cap of $3.14 billion, a P/E ratio of 44.38 and a beta of 0.03. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period in the previous year, the firm earned $1.14 earnings per share. WD-40’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, April 17th. WD-40’s payout ratio is presently 59.97%.

Wall Street Analysts Forecast Growth

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

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.