US Bancorp DE Trims Holdings in WD-40 (NASDAQ:WDFC)

US Bancorp DE lowered its position in shares of WD-40 (NASDAQ:WDFC) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,103 shares of the specialty chemicals company’s stock after selling 149 shares during the period. US Bancorp DE’s holdings in WD-40 were worth $268,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of WD-40 by 209.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock valued at $401,000 after buying an additional 1,132 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of WD-40 by 42.4% during the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock valued at $4,133,000 after buying an additional 4,775 shares during the period. Charles Schwab Investment Management Inc. boosted its position in WD-40 by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after purchasing an additional 3,960 shares in the last quarter. Pacer Advisors Inc. boosted its position in WD-40 by 115.3% during the fourth quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 460 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in WD-40 by 24.8% during the third quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock valued at $13,913,000 after purchasing an additional 10,711 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $238.58 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The company has a market cap of $3.23 billion, a PE ratio of 45.71 and a beta of -0.10. The business has a 50-day simple moving average of $235.53 and a two-hundred day simple moving average of $253.65. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $153.30 million during the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. As a group, equities analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.