Amundi Increases Stock Holdings in WD-40 (NASDAQ:WDFC)

Amundi boosted its position in shares of WD-40 (NASDAQ:WDFC) by 181.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,875 shares of the specialty chemicals company’s stock after purchasing an additional 4,432 shares during the period. Amundi owned approximately 0.05% of WD-40 worth $1,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WDFC. Raymond James Financial Inc. purchased a new stake in shares of WD-40 during the 4th quarter valued at approximately $17,903,000. Barclays PLC raised its position in WD-40 by 309.7% in the third quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock valued at $9,566,000 after purchasing an additional 28,039 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of WD-40 in the 4th quarter valued at $6,537,000. DF Dent & Co. Inc. lifted its stake in shares of WD-40 by 27.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 66,993 shares of the specialty chemicals company’s stock valued at $17,276,000 after purchasing an additional 14,358 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of WD-40 during the 4th quarter worth about $3,217,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed 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 Stock Up 1.6 %

Shares of NASDAQ WDFC opened at $242.40 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $235.72 and its two-hundred day moving average is $253.49. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 46.44 and a beta of -0.10.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Research analysts predict 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.