Bbva Compass Bancshares Inc. Has $1,416,000 Stake in WD-40 Co. (WDFC)
Bbva Compass Bancshares Inc. raised its stake in WD-40 Co. (NASDAQ:WDFC) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,061 shares of the company’s stock after buying an additional 1,417 shares during the period. Bbva Compass Bancshares Inc.’s holdings in WD-40 were worth $1,416,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in WD-40 by 7.2% in the first quarter. Renaissance Technologies LLC now owns 708,000 shares of the company’s stock valued at $76,471,000 after buying an additional 47,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in WD-40 by 3.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 372,393 shares of the company’s stock valued at $40,222,000 after buying an additional 12,537 shares in the last quarter. State Street Corp increased its stake in WD-40 by 2.6% in the first quarter. State Street Corp now owns 302,387 shares of the company’s stock valued at $32,663,000 after buying an additional 7,553 shares in the last quarter. Hermes Investment Management Ltd. increased its stake in WD-40 by 133.7% in the second quarter. Hermes Investment Management Ltd. now owns 201,679 shares of the company’s stock valued at $23,687,000 after buying an additional 115,394 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in WD-40 by 4.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 139,204 shares of the company’s stock valued at $16,351,000 after buying an additional 6,421 shares in the last quarter. 75.93% of the stock is owned by institutional investors.
WD-40 Co. (NASDAQ:WDFC) traded down 0.50% during mid-day trading on Tuesday, hitting $109.49. 47,256 shares of the company traded hands. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 31.74 and a beta of 0.71. The company’s 50-day moving average is $114.84 and its 200-day moving average is $112.59. WD-40 Co. has a one year low of $92.45 and a one year high of $125.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 21st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.68 annualized dividend and a yield of 1.53%. WD-40’s dividend payout ratio (DPR) is currently 48.70%.
WDFC has been the subject of several recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $106.00 price objective on shares of WD-40 in a report on Monday. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. Finally, Jefferies Group initiated coverage on shares of WD-40 in a report on Thursday, August 25th. They set a “hold” rating and a $120.00 price objective for the company.
In related news, Director Daniel E. Pittard bought 295 shares of the company’s stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $115.00 per share, for a total transaction of $33,925.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mario L. Crivello sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $119.57, for a total transaction of $47,828.00. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.
WD-40 Company Profile
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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