WD-40 (NASDAQ:WDFC) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of WD-40 (NASDAQ:WDFC – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the specialty chemicals company’s stock.

WD-40 Trading Up 0.5 %

Shares of WD-40 stock opened at $173.71 on Thursday. WD-40 has a 12-month low of $145.16 and a 12-month high of $209.64. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.36 billion, a PE ratio of 37.93 and a beta of -0.17. The company has a 50-day moving average of $172.92 and a two-hundred day moving average of $172.23.

WD-40 (NASDAQ:WDFC – Get Rating) last issued its quarterly earnings data on Monday, January 9th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.07). WD-40 had a return on equity of 32.44% and a net margin of 12.33%. The business had revenue of $124.89 million for the quarter, compared to analysts’ expectations of $140.70 million. During the same period last year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, research analysts anticipate that WD-40 will post 5.19 EPS for the current fiscal year.

Insider Transactions at WD-40

In other WD-40 news, CEO Steven A. Brass acquired 586 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was acquired at an average cost of $170.57 per share, with a total value of $99,954.02. Following the purchase, the chief executive officer now directly owns 15,975 shares in the company, valued at approximately $2,724,855.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other WD-40 news, insider Patricia Q. Olsem sold 438 shares of WD-40 stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $180.00, for a total value of $78,840.00. Following the completion of the sale, the insider now directly owns 2,743 shares of the company’s stock, valued at approximately $493,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven A. Brass bought 586 shares of the stock in a transaction on Wednesday, January 18th. The stock was purchased at an average cost of $170.57 per share, with a total value of $99,954.02. Following the completion of the purchase, the chief executive officer now directly owns 15,975 shares in the company, valued at approximately $2,724,855.75. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of WD-40

Several hedge funds and other institutional investors have recently bought and sold shares of WDFC. EverSource Wealth Advisors LLC grew its stake in WD-40 by 280.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 190 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 140 shares during the period. Quantbot Technologies LP acquired a new position in shares of WD-40 in the 2nd quarter valued at $44,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of WD-40 in the 3rd quarter valued at $54,000. Lazard Asset Management LLC boosted its holdings in shares of WD-40 by 1,805.3% in the 4th quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 343 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of WD-40 by 71.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 367 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 153 shares during the last quarter. 92.24% of the stock is owned by hedge funds and other institutional investors.

WD-40 Company Profile

(Get Rating)

WD-40 Co engages in developing and selling products that solve problems in workshops, factories, and homes. The firm operates through the following geographical segments: Americas, Europe, Middle East, and Africa (EMEA), and Asia-Pacific. Its product brands include WD-40 multi-use product, WD-40 specialist, 3-in-one, GT85, X-14, 2000 flushes, carpet fresh, no vac, spot shot, 1001, lava, and solvol.