WD-40 Company $WDFC Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of WD-40 Company (NASDAQ:WDFC) by 44.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 675 shares of the specialty chemicals company’s stock after buying an additional 207 shares during the period. GAMMA Investing LLC’s holdings in WD-40 were worth $154,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of WD-40 by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 48 shares during the period. KBC Group NV lifted its stake in WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock valued at $146,000 after acquiring an additional 49 shares during the last quarter. D.A. Davidson & CO. lifted its stake in WD-40 by 5.9% in the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 50 shares during the last quarter. Xponance Inc. lifted its stake in shares of WD-40 by 5.4% in the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock worth $253,000 after buying an additional 53 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of WD-40 by 3.9% in the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock worth $362,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Stock Performance

WD-40 stock opened at $195.27 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33. WD-40 Company has a 1 year low of $194.53 and a 1 year high of $292.36. The company has a market cap of $2.64 billion, a PE ratio of 30.75 and a beta of 0.13. The company’s 50-day moving average is $214.40 and its two-hundred day moving average is $227.39.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. The company had revenue of $156.92 million during the quarter, compared to analysts’ expectations of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.WD-40’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS. Equities analysts anticipate that WD-40 Company will post 5.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their target price on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $290.00.

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.