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

Jump Financial LLC trimmed its holdings in shares of WD-40 (NASDAQ:WDFC) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,102 shares of the specialty chemicals company’s stock after selling 1,247 shares during the period. Jump Financial LLC owned 0.05% of WD-40 worth $1,724,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of WD-40 by 209.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock valued at $401,000 after acquiring an additional 1,132 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock valued at $36,537,000 after purchasing an additional 5,095 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WD-40 in the fourth quarter worth $17,903,000. Vanguard Group Inc. boosted its position in shares of WD-40 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company’s stock worth $395,006,000 after purchasing an additional 16,763 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of WD-40 by 115.3% in the 4th quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 460 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Price Performance

NASDAQ WDFC opened at $222.76 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. WD-40 has a 52-week low of $208.00 and a 52-week high of $292.36. The business has a 50 day simple moving average of $234.52 and a 200 day simple moving average of $248.78. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 42.67 and a beta of 0.03.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data 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. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. Analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.69%. WD-40’s dividend payout ratio is currently 59.97%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CFO Sara Kathleen Hyzer bought 256 shares of the business’s stock in a transaction on Friday, April 11th. The shares were purchased at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the purchase, the chief financial officer now owns 4,072 shares of the company’s stock, valued at approximately $907,363.76. The trade was a 6.71 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

About WD-40

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.