Aster Capital Management DIFC Ltd Raises Stock Position in WD-40 (NASDAQ:WDFC)

Aster Capital Management DIFC Ltd increased its position in shares of WD-40 (NASDAQ:WDFC) by 1,459.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,372 shares of the specialty chemicals company’s stock after acquiring an additional 1,284 shares during the period. Aster Capital Management DIFC Ltd’s holdings in WD-40 were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its position in WD-40 by 37.8% during the third quarter. Cerity Partners LLC now owns 2,343 shares of the specialty chemicals company’s stock worth $604,000 after buying an additional 643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in WD-40 by 13.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,211 shares of the specialty chemicals company’s stock valued at $9,338,000 after purchasing an additional 4,394 shares in the last quarter. Verition Fund Management LLC lifted its stake in WD-40 by 6.9% during the third quarter. Verition Fund Management LLC now owns 5,021 shares of the specialty chemicals company’s stock worth $1,295,000 after purchasing an additional 325 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of WD-40 during the 3rd quarter valued at about $225,000. Finally, Point72 DIFC Ltd bought a new stake in WD-40 in the 3rd quarter worth approximately $182,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Price Performance

WDFC opened at $245.09 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The stock’s 50 day simple moving average is $237.89 and its 200 day simple moving average is $251.65. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 46.95 and a beta of 0.03. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts predict that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s payout ratio is 72.03%.

Analyst Ratings Changes

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

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.