WD-40 (NASDAQ:WDFC) Stock Holdings Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in shares of WD-40 (NASDAQ:WDFC) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,794 shares of the specialty chemicals company’s stock after buying an additional 1,988 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of WD-40 worth $6,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in WD-40 in the 1st quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new stake in WD-40 during the first quarter valued at approximately $34,000. Advisors Asset Management Inc. acquired a new stake in WD-40 during the first quarter valued at approximately $43,000. Covestor Ltd boosted its holdings in WD-40 by 57.7% during the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in WD-40 in the second quarter worth approximately $67,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson cut their price objective on WD-40 from $313.00 to $303.00 and set a “buy” rating for the company in a research report on Thursday, July 11th.

WD-40 Trading Down 0.5 %

Shares of WDFC opened at $255.38 on Wednesday. The business’s 50-day moving average price is $256.03 and its 200 day moving average price is $241.54. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.46 billion, a P/E ratio of 50.17 and a beta of -0.08. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78.

WD-40 (NASDAQ:WDFC) last released its earnings results on Wednesday, July 10th. The specialty chemicals company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. WD-40 had a net margin of 12.07% and a return on equity of 32.43%. The business had revenue of $155.05 million for the quarter, compared to the consensus estimate of $145.80 million. During the same period last year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that WD-40 will post 5.22 earnings per share 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.