Rhumbline Advisers Raises Stake in WD-40 (WDFC)

Rhumbline Advisers boosted its holdings in WD-40 (NASDAQ:WDFC) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,352 shares of the specialty chemicals company’s stock after purchasing an additional 858 shares during the period. Rhumbline Advisers owned about 0.25% of WD-40 worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WDFC. New York State Common Retirement Fund lifted its stake in WD-40 by 8.5% in the second quarter. New York State Common Retirement Fund now owns 15,952 shares of the specialty chemicals company’s stock valued at $1,760,000 after acquiring an additional 1,251 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in WD-40 by 27.6% in the second quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock valued at $65,231,000 after acquiring an additional 127,744 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in WD-40 by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 28,646 shares of the specialty chemicals company’s stock valued at $3,160,000 after acquiring an additional 5,709 shares during the last quarter. Aperio Group LLC lifted its stake in WD-40 by 25.1% in the third quarter. Aperio Group LLC now owns 10,676 shares of the specialty chemicals company’s stock valued at $1,195,000 after acquiring an additional 2,145 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in WD-40 by 18.1% in the second quarter. Stifel Financial Corp now owns 22,333 shares of the specialty chemicals company’s stock valued at $2,473,000 after acquiring an additional 3,429 shares during the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.

In other news, VP Jay Rembolt sold 676 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

Shares of WD-40 (NASDAQ:WDFC) opened at $120.20 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.51 and a current ratio of 2.98. The stock has a market cap of $1,688.29, a PE ratio of 32.50, a PEG ratio of 3.14 and a beta of 0.67. WD-40 has a 12 month low of $100.60 and a 12 month high of $122.65.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $96.60 million during the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. WD-40’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. research analysts forecast that WD-40 will post 3.85 earnings per share for the current year.

A number of analysts have commented on WDFC shares. Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. FBR & Co reiterated a “neutral” rating and issued a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research note on Friday, October 20th. Finally, B. Riley reiterated a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. WD-40 currently has an average rating of “Hold” and a consensus target price of $117.25.

TRADEMARK VIOLATION WARNING: “Rhumbline Advisers Raises Stake in WD-40 (WDFC)” was reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3079338/rhumbline-advisers-raises-stake-in-wd-40-wdfc.html.

WD-40 Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.