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

Quantbot Technologies LP reduced its stake in WD-40 (NASDAQ:WDFC) by 33.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

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

WD-40 Stock Up 2.3 %

WDFC stock opened at $235.88 on Tuesday. The stock’s 50 day moving average is $235.81 and its 200-day moving average is $252.60. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The firm has a market capitalization of $3.20 billion, a PE 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 posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. Sell-side analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.