Jump Financial LLC Has $1.72 Million Stock Position in WD-40 (NASDAQ:WDFC)

Jump Financial LLC cut its position in WD-40 (NASDAQ:WDFC) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,102 shares of the specialty chemicals company’s stock after selling 1,247 shares during the quarter. Jump Financial LLC’s holdings in WD-40 were worth $1,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of WD-40 by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company’s stock worth $395,006,000 after acquiring an additional 16,763 shares during the period. Geode Capital Management LLC increased its holdings in shares of WD-40 by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company’s stock valued at $93,638,000 after purchasing an additional 7,664 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of WD-40 by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company’s stock valued at $55,249,000 after purchasing an additional 2,300 shares during the period. Norges Bank acquired a new stake in shares of WD-40 during the 4th quarter worth about $54,571,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of WD-40 by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after buying an additional 5,095 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

Shares of NASDAQ WDFC opened at $222.76 on Friday. WD-40 has a one year low of $208.00 and a one year high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 42.67 and a beta of 0.03. The stock’s fifty day moving average price is $234.52 and its two-hundred day moving average price is $248.78.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the firm earned $1.14 earnings per share. WD-40’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.69%. WD-40’s dividend payout ratio (DPR) is presently 59.97%.

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded shares of WD-40 to a “strong-buy” rating in a research report on Monday, April 14th.

WD-40 Company 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.