Renaissance Technologies LLC raised its holdings in shares of WD-40 (NASDAQ:WDFC) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 614,585 shares of the specialty chemicals company’s stock after acquiring an additional 25,800 shares during the quarter. Renaissance Technologies LLC’s holdings in WD-40 were worth $72,521,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of WD-40 during the third quarter worth about $118,000. Allianz Asset Management GmbH purchased a new stake in shares of WD-40 during the fourth quarter worth about $200,000. First Trust Advisors LP purchased a new stake in shares of WD-40 during the fourth quarter worth about $242,000. Bredin Investment LLC purchased a new stake in shares of WD-40 during the fourth quarter worth about $554,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of WD-40 during the fourth quarter worth about $568,000. Hedge funds and other institutional investors own 85.70% of the company’s stock.
Shares of WD-40 (WDFC) opened at $131.75 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 3.29. WD-40 has a 12-month low of $100.60 and a 12-month high of $133.70. The stock has a market cap of $1,840.00, a P/E ratio of 34.67, a P/E/G ratio of 3.35 and a beta of 0.57.
In related news, insider Geoffrey Holdsworth sold 1,690 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $126.85, for a total value of $214,376.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael L. Freeman sold 4,861 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total transaction of $581,278.38. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on WDFC. BidaskClub upgraded shares of WD-40 from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, B. Riley reiterated a “hold” rating and set a $125.00 price target on shares of WD-40 in a report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $123.75.
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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