Capital Management Associates Ny Lowers stake in WD-40 Company (WDFC)

WD-40 Company (WDFC) : Capital Management Associates Ny reduced its stake in WD-40 Company by 0.44% during the most recent quarter end. The investment management company now holds a total of 11,330 shares of WD-40 Company which is valued at $1,312,581 after selling 50 shares in WD-40 Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.WD-40 Company makes up approximately 2.15% of Capital Management Associates Ny’s portfolio.

Other Hedge Funds, Including , Voya Investment Management reduced its stake in WDFC by selling 657 shares or 8.46% in the most recent quarter. The Hedge Fund company now holds 7,111 shares of WDFC which is valued at $823,809.Alliancebernstein boosted its stake in WDFC in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 21,150 shares of WD-40 Company which is valued at $2,450,228.State Board Of Administration Of Florida Retirement System reduced its stake in WDFC by selling 872 shares or 11.86% in the most recent quarter. The Hedge Fund company now holds 6,478 shares of WDFC which is valued at $745,488.First Trust Advisors Lp reduced its stake in WDFC by selling 3,665 shares or 26.65% in the most recent quarter. The Hedge Fund company now holds 10,086 shares of WDFC which is valued at $1,160,697.Ftb Advisors reduced its stake in WDFC by selling 45 shares or 28.13% in the most recent quarter. The Hedge Fund company now holds 115 shares of WDFC which is valued at $13,223.

WD-40 Company opened for trading at $118.92 and hit $118.92 on the upside on Thursday, eventually ending the session at $118.85, with a gain of 0.42% or 0.5 points. The heightened volatility saw the trading volume jump to 98,198 shares. Company has a market cap of $1,692 M.

On the company’s financial health, WD-40 Company reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $0.86. The company had revenue of $96.50 million for the quarter, compared to analysts expectations of $99.30 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on WD-40 Company. 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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