Richard Bernstein Advisors LLC bought a new stake in shares of WD-40 (NASDAQ:WDFC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,236 shares of the specialty chemicals company’s stock, valued at approximately $2,874,000.
Other hedge funds have also recently bought and sold shares of the company. Strs Ohio purchased a new stake in WD-40 in the 2nd quarter worth approximately $37,000. WFA of San Diego LLC acquired a new stake in shares of WD-40 in the second quarter worth about $38,000. Quantbot Technologies LP bought a new stake in shares of WD-40 during the 2nd quarter worth about $44,000. Dark Forest Capital Management LP acquired a new position in shares of WD-40 during the 1st quarter valued at about $53,000. Finally, Lazard Asset Management LLC increased its holdings in shares of WD-40 by 1,805.3% during the 4th quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 343 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.
WD-40 Price Performance
Shares of WDFC traded up $5.98 during mid-day trading on Tuesday, reaching $230.33. The company had a trading volume of 186,521 shares, compared to its average volume of 101,449. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.80 and a quick ratio of 1.82. The company has a market capitalization of $3.12 billion, a P/E ratio of 46.55 and a beta of -0.15. WD-40 has a twelve month low of $157.52 and a twelve month high of $234.69. The company’s 50-day moving average is $208.97 and its 200-day moving average is $206.50.
WD-40 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, October 19th. WD-40’s payout ratio is currently 68.88%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on WDFC. StockNews.com started coverage on shares of WD-40 in a research note on Thursday, October 5th. They issued a “hold” rating for the company. DA Davidson lifted their price objective on WD-40 from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, October 20th.
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.
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