Quantbot Technologies LP Sells 2,833 Shares of WD-40 (NASDAQ:WDFC)

Quantbot Technologies LP reduced its stake in shares of WD-40 (NASDAQ:WDFC) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,584 shares of the specialty chemicals company’s stock after selling 2,833 shares during the period. Quantbot Technologies LP’s holdings in WD-40 were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WDFC. SRS Capital Advisors Inc. raised its position in WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 163 shares in the last quarter. GAMMA Investing LLC increased its position in shares of WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 75 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of WD-40 by 77.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock valued at $122,000 after buying an additional 208 shares in the last quarter. KBC Group NV lifted its position in WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 103 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock worth $137,000 after buying an additional 233 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

NASDAQ WDFC opened at $235.88 on Tuesday. The company has a 50-day simple moving average of $235.81 and a two-hundred day simple moving average of $252.60. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 45.19 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share 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 company had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same period in the prior year, the business posted $1.28 EPS. WD-40’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, April 17th. WD-40’s dividend payout ratio is 72.03%.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and set a $322.00 price target on shares of WD-40 in a research note on Monday, January 27th.

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.