Wealthfront Advisers LLC Buys New Stake in WD-40 (NASDAQ:WDFC)

Wealthfront Advisers LLC bought a new stake in WD-40 (NASDAQ:WDFC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,533 shares of the specialty chemicals company’s stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in WD-40 by 10.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,384 shares of the specialty chemicals company’s stock valued at $821,000 after buying an additional 325 shares in the last quarter. AlphaQuest LLC lifted its stake in WD-40 by 321.7% in the 4th quarter. AlphaQuest LLC now owns 4,074 shares of the specialty chemicals company’s stock valued at $989,000 after buying an additional 3,108 shares in the last quarter. Amundi lifted its stake in shares of WD-40 by 181.4% during the 4th quarter. Amundi now owns 6,875 shares of the specialty chemicals company’s stock worth $1,641,000 after purchasing an additional 4,432 shares during the period. Raymond James Financial Inc. purchased a new position in shares of WD-40 during the 4th quarter worth $17,903,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of WD-40 during the 4th quarter worth $6,537,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and set a $322.00 price target on shares of WD-40 in a research note on Monday, January 27th.

WD-40 Trading Up 0.5 %

Shares of WD-40 stock opened at $238.58 on Monday. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The firm has a market cap of $3.23 billion, a PE ratio of 45.71 and a beta of -0.10. The business’s fifty day moving average is $235.53 and its two-hundred day moving average is $253.60. 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 issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

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.