2,604 Shares in WD-40 Co. (WDFC) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC acquired a new position in WD-40 Co. (NASDAQ:WDFC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,604 shares of the company’s stock, valued at approximately $306,000.
A number of other institutional investors also recently bought and sold shares of WDFC. Squarepoint Ops LLC acquired a new stake in shares of WD-40 during the first quarter worth approximately $588,000. Magnetar Financial LLC acquired a new stake in shares of WD-40 during the first quarter worth approximately $240,000. Renaissance Technologies LLC boosted its stake in shares of WD-40 by 7.2% in the first quarter. Renaissance Technologies LLC now owns 708,000 shares of the company’s stock worth $76,471,000 after buying an additional 47,400 shares during the period. State Street Corp boosted its stake in shares of WD-40 by 2.6% in the first quarter. State Street Corp now owns 302,387 shares of the company’s stock worth $32,663,000 after buying an additional 7,553 shares during the period. Finally, BB&T Securities LLC boosted its stake in shares of WD-40 by 12.6% in the first quarter. BB&T Securities LLC now owns 7,273 shares of the company’s stock worth $785,000 after buying an additional 814 shares during the period. Institutional investors own 75.97% of the company’s stock.
Shares of WD-40 Co. (NASDAQ:WDFC) opened at 111.69 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 32.37 and a beta of 0.71. WD-40 Co. has a 52-week low of $90.31 and a 52-week high of $125.00. The company’s 50-day moving average is $116.01 and its 200 day moving average is $112.41.
A number of equities research analysts have recently commented on WDFC shares. Jefferies Group started coverage on shares of WD-40 in a research report on Thursday, August 25th. They issued a “hold” rating and a $120.00 target price for the company. Zacks Investment Research cut shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 30th. Finally, B. Riley reiterated a “neutral” rating and issued a $106.00 target price on shares of WD-40 in a research report on Monday, July 11th.
In related news, VP Jay Rembolt sold 570 shares of WD-40 stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $117.00, for a total value of $66,690.00. Following the transaction, the vice president now directly owns 34,966 shares in the company, valued at approximately $4,091,022. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William B. Noble sold 1,000 shares of WD-40 stock in a transaction on Friday, August 5th. The shares were sold at an average price of $115.14, for a total transaction of $115,140.00. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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