WD-40 (WDFC) Hits New 1-Year High and Low at $149.40

Shares of WD-40 (NASDAQ:WDFC) reached a new 52-week high and low during trading on Thursday . The company traded as low as $149.40 and last traded at $149.80, with a volume of 487 shares traded. The stock had previously closed at $148.05.

WDFC has been the subject of a number of analyst reports. BidaskClub lowered shares of WD-40 from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Jefferies Financial Group set a $120.00 target price on shares of WD-40 and gave the stock a “hold” rating in a report on Friday, April 6th. B. Riley reaffirmed a “neutral” rating and set a $135.00 target price (up previously from $125.00) on shares of WD-40 in a report on Friday, April 6th. Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a report on Thursday, June 7th. Finally, ValuEngine raised shares of WD-40 from a “hold” rating to a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $128.75.

The firm has a market cap of $2.05 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 3.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.04 and a current ratio of 3.65.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, April 5th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.10. WD-40 had a net margin of 14.29% and a return on equity of 39.25%. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $102.49 million. During the same quarter in the previous year, the business earned $0.87 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. equities research analysts anticipate that WD-40 will post 4.09 earnings per share for the current year.

In other news, Director Daniel E. Pittard purchased 530 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was bought at an average price of $132.65 per share, with a total value of $70,304.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven A. Brass sold 1,000 shares of the business’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $130.83, for a total transaction of $130,830.00. Following the completion of the transaction, the insider now directly owns 5,211 shares of the company’s stock, valued at approximately $681,755.13. The disclosure for this sale can be found here. 3.62% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in WDFC. VGI PARTNERS PTY Ltd grew its holdings in shares of WD-40 by 28.5% in the 4th quarter. VGI PARTNERS PTY Ltd now owns 357,956 shares of the specialty chemicals company’s stock valued at $42,239,000 after buying an additional 79,459 shares during the period. BlackRock Inc. grew its holdings in shares of WD-40 by 2.3% in the 1st quarter. BlackRock Inc. now owns 1,784,147 shares of the specialty chemicals company’s stock valued at $234,970,000 after buying an additional 40,530 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of WD-40 by 4.3% in the 1st quarter. Neuberger Berman Group LLC now owns 687,245 shares of the specialty chemicals company’s stock valued at $90,510,000 after buying an additional 28,280 shares during the period. Renaissance Technologies LLC grew its holdings in shares of WD-40 by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 614,585 shares of the specialty chemicals company’s stock valued at $72,521,000 after buying an additional 25,800 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new position in shares of WD-40 in the 1st quarter valued at $3,295,000. 85.17% of the stock is owned by institutional investors.

About WD-40

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.

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