WD-40 (NASDAQ:WDFC) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its holdings in shares of WD-40 (NASDAQ:WDFC) by 27.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,617 shares of the specialty chemicals company’s stock after selling 26,077 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in WD-40 were worth $17,137,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its stake in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 163 shares in the last quarter. Covestor Ltd grew its position in shares of WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares in the last quarter. GAMMA Investing LLC grew its position 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 worth $97,000 after acquiring an additional 75 shares in the last quarter. KBC Group NV grew its position in shares of WD-40 by 28.6% in the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock worth $115,000 after acquiring an additional 99 shares in the last quarter. Finally, 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 acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WD-40 Price Performance

Shares of WDFC opened at $242.04 on Thursday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 46.37 and a beta of -0.10. The stock has a 50 day moving average of $235.59 and a 200-day moving average of $253.89. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. As a group, analysts forecast that WD-40 will post 5.42 EPS for the current year.

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.