Vgi Partners Pty Ltd Lowers stake in WD-40 Company (WDFC)

WD-40 Company (WDFC) : Vgi Partners Pty Ltd reduced its stake in WD-40 Company by 4.08% during the most recent quarter end. The investment management company now holds a total of 199,872 shares of WD-40 Company which is valued at $21,386,304 after selling 8,504 shares in WD-40 Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.WD-40 Company makes up approximately 5.70% of Vgi Partners Pty Ltd’s portfolio.

Other Hedge Funds, Including , Segall Bryant Hamill reduced its stake in WDFC by selling 45 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 3,384 shares of WDFC which is valued at $362,088. WD-40 Company makes up approx 0.01% of Segall Bryant Hamill’s portfolio.Oarsman Capital reduced its stake in WDFC by selling 350 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 1,900 shares of WDFC which is valued at $200,070. WD-40 Company makes up approx 0.10% of Oarsman Capital’s portfolio.Texas Permanent School Fund boosted its stake in WDFC in the latest quarter, The investment management firm added 663 additional shares and now holds a total of 10,846 shares of WD-40 Company which is valued at $1,144,470. WD-40 Company makes up approx 0.02% of Texas Permanent School Fund’s portfolio.California Public Employees Retirement System reduced its stake in WDFC by selling 3,200 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 53,600 shares of WDFC which is valued at $5,739,488. WD-40 Company makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

WD-40 Company opened for trading at $107.85 and hit $109 on the upside on Monday, eventually ending the session at $108.9, with a gain of 0.83% or 0.9 points. The heightened volatility saw the trading volume jump to 76,083 shares. Company has a market cap of $1,544 M.

On the company’s financial health, WD-40 Company reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.82. The company had revenue of $97.20 million for the quarter, compared to analysts expectations of $97.47 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on WD-40 Company. Company shares were Reiterated by B. Riley & Co. on Oct 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 120 from a previous price target of $106 .Shares were Reiterated by Wunderlich on Oct 20, 2016 to “Hold” and Lowered the Price Target to $ 100 from a previous price target of $115 .Jefferies Initiated WD-40 Company on Aug 25, 2016 to “Hold”, Price Target of the shares are set at $120.

WD-40 Company is a global consumer Products Company. As of August 31 2012 the Company’s products included WD-40 Smart Straw WD-40 Trigger Pro 3-IN-ONE Professional Garage Door Lube Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product and a mildew stain remover under the X-14 brand. In addition its WD-40 Specialist product line consists of certain specialty maintenance products. The Company’s three geographical segments are: the Americas Europe and Asia-Pacific. The Company sells its products primarily through mass retail and home center stores warehouse club stores grocery stores hardware stores automotive parts outlets and industrial distributors and suppliers. During the fiscal year ended August 31 2012 the Company formed WD-40 Bike Company LLC focused on the development of a line of bicycle maintenance products for cyclists and mechanics.

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