GSA Capital Partners LLP Has $1.75 Million Stock Position in WD-40 (NASDAQ:WDFC)

GSA Capital Partners LLP decreased its position in shares of WD-40 (NASDAQ:WDFC) by 60.8% in the third quarter, Holdings Channel.com reports. The firm owned 6,796 shares of the specialty chemicals company’s stock after selling 10,545 shares during the period. GSA Capital Partners LLP’s holdings in WD-40 were worth $1,753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in WD-40 during the third quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in WD-40 during the first quarter valued at $34,000. Advisors Asset Management Inc. acquired a new stake in WD-40 during the first quarter valued at $43,000. Covestor Ltd lifted its position in shares of WD-40 by 57.7% in 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 during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of WD-40 in the second quarter worth about $67,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insider Transactions at WD-40

In other news, Director William B. Noble sold 800 shares of WD-40 stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the transaction, the director now directly owns 8,999 shares in the company, valued at approximately $2,312,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $290.11 on Wednesday. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $290.27. The business has a 50-day moving average of $261.24 and a two-hundred day moving average of $245.88. The stock has a market capitalization of $3.93 billion, a P/E ratio of 56.77 and a beta of -0.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, equities research analysts predict that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.88 dividend. The ex-dividend date was Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.21%. WD-40’s payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WDFC shares. Jefferies Financial Group boosted their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. DA Davidson boosted their price target on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, October 18th.

About WD-40

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.