Evergreen Capital Management LLC Cuts Stock Position in WD-40 (NASDAQ:WDFC)

Evergreen Capital Management LLC trimmed its position in shares of WD-40 (NASDAQ:WDFC) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the specialty chemicals company’s stock after selling 51 shares during the period. Evergreen Capital Management LLC’s holdings in WD-40 were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WDFC. GSA Capital Partners LLP boosted its position in WD-40 by 40.6% during the fourth quarter. GSA Capital Partners LLP now owns 13,279 shares of the specialty chemicals company’s stock valued at $3,175,000 after buying an additional 3,833 shares during the period. Acadian Asset Management LLC boosted its holdings in WD-40 by 1,131.2% during the 1st quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock valued at $1,023,000 after acquiring an additional 3,733 shares during the period. Vanguard Group Inc. grew its position in WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after acquiring an additional 6,532 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in WD-40 in the 1st quarter worth approximately $20,491,000. Finally, Profit Investment Management LLC increased its stake in WD-40 by 32.5% in the 1st quarter. Profit Investment Management LLC now owns 16,024 shares of the specialty chemicals company’s stock worth $4,059,000 after purchasing an additional 3,926 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $257.55 on Friday. 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 company has a 50-day moving average price of $256.27 and a 200-day moving average price of $241.78. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 50.60 and a beta of -0.08. WD-40 has a 12 month low of $194.09 and a 12 month high of $278.78.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, July 10th. The specialty chemicals company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $155.05 million during the quarter, compared to analyst estimates of $145.80 million. WD-40 had a return on equity of 32.43% and a net margin of 12.07%. WD-40’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 EPS. As a group, equities analysts anticipate that WD-40 will post 5.22 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson cut their target price on shares of WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a report on Thursday, July 11th.

WD-40 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.