Cubist Systematic Strategies LLC Acquires 125 Shares of WD-40

Cubist Systematic Strategies LLC recently increased its investment in WD-40 (NASDAQ:WDFC) by purchasing an additional 125 shares, bringing its total holdings to 12,536 shares. This transaction occurred during the second quarter, as documented in the latest 13F filing submitted to the Securities and Exchange Commission (SEC). As of the most recent filing, Cubist Systematic Strategies LLC owns about 0.09% of WD-40, which is valued at approximately $2,753,000.

In addition to Cubist Systematic Strategies, several other institutional investors have also adjusted their shares of WD-40 recently. For instance, DekaBank Deutsche Girozentrale initiated a new investment valued at around $34,000 during the first quarter. Meanwhile, Advisors Asset Management Inc. acquired shares worth about $43,000 within the same timeframe. Covestor Ltd notably increased its holdings by 57.7% in the first quarter, bringing its total to 216 shares valued at $55,000 after adding 79 shares. Other noteworthy investments include Blue Trust Inc., which purchased a new stake in WD-40 valued at $67,000 in the second quarter, and CWM LLC, which raised its position in the company by 41.2%, ending with 463 shares worth $102,000 after acquiring an additional 135 shares. Currently, hedge funds and institutional investors collectively hold approximately 91.52% of WD-40's shares.

WD-40 Stock Overview

WD-40 shares were priced at $260.59 upon opening on a recent Friday. The company exhibits a debt-to-equity ratio of 0.40 and has a quick ratio of 1.56 and a current ratio of 2.27. The stock has seen a fifty-two week range, with a low of $194.09 and a peak at $278.78. WD-40 boasts a market capitalization of $3.53 billion, a P/E ratio of 51.20, and a beta of -0.08. In terms of stock performance, the 50-day moving average stands at $255.49 while the 200-day moving average is $242.04.

The company reported its latest quarterly earnings on July 10, revealing earnings per share of $1.46, which surpassed analysts' expectations of $1.39 by $0.07. The total revenue for the quarter amounted to $155.05 million, also exceeding projections of $145.80 million. The company recorded a net margin of 12.07% and return on equity of 32.43%, marking a year-over-year revenue increase of 9.4%. In the previous year, the company had posted $1.38 EPS, and analysts forecast WD-40 to report an EPS of 5.22 for the current fiscal year.

Dividend Announcement from WD-40

WD-40 has announced a forthcoming quarterly dividend of $0.88, which is scheduled to be distributed on Thursday, October 31. Shareholders who are on the record as of Friday, October 18, will receive this payment. The ex-dividend date is also set for October 18. This annualized dividend totals $3.52, resulting in a dividend yield of 1.35%, with a current payout ratio of 69.16%.

Analyst Recommendations

In a recent update, DA Davidson revised their price target for WD-40 from $313.00 to $303.00 while maintaining a “buy” rating on the stock, as reported on July 11.

About WD-40 Company

WD-40 Company specializes in developing and distributing maintenance and cleaning products across the Americas, Europe, the Middle East, Africa, and Asia Pacific. The firm’s product lineup includes multi-purpose maintenance goods, aerosol sprays, non-aerosol trigger sprays, precision pens, and bulk liquid products marketed under the WD-40 Multi-Use brand. Additionally, it offers specialized maintenance items such as penetrants, degreasers, greases, and lubricants under the WD-40 Specialist brand, alongside bike-specific products.

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