New Age Alpha Advisors LLC Has $1.92 Million Stock Position in WD-40 Company $WDFC

by · The Cerbat Gem

New Age Alpha Advisors LLC increased its position in shares of WD-40 Company (NASDAQ:WDFC – Free Report) by 2,466.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,752 shares of the specialty chemicals company’s stock after purchasing an additional 9,372 shares during the quarter. New Age Alpha Advisors LLC’s holdings in WD-40 were worth $1,920,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WDFC. Quarry LP increased its position in shares of WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of WD-40 by 4,133.3% during the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 124 shares in the last quarter. Bessemer Group Inc. increased its position in shares of WD-40 by 340.5% during the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. William Blair started coverage on shares of WD-40 in a research report on Monday, April 6th. They set an “outperform” rating for the company. DA Davidson decreased their price objective on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, WD-40 currently has an average rating of “Moderate Buy” and an average target price of $270.00.

View Our Latest Stock Analysis on WD-40

WD-40 Stock Down 1.3%

Shares of NASDAQ:WDFC opened at $204.61 on Wednesday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.24. The company’s 50-day moving average price is $211.05 and its two-hundred day moving average price is $212.57. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.75 billion, a P/E ratio of 34.80 and a beta of 0.33.

WD-40 (NASDAQ:WDFC – Get Free Report) last issued its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The firm had revenue of $161.67 million for the quarter, compared to analyst estimates of $154.90 million. During the same quarter in the prior year, the firm earned $1.32 EPS. The company’s revenue was up 10.7% on a year-over-year basis. As a group, research analysts forecast that WD-40 Company will post 5.99 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 17th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. WD-40’s dividend payout ratio is currently 69.39%.

About WD-40

(Free Report)

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.

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