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 14.84% during the most recent quarter end. The investment management company now holds a total of 213,739 shares of WD-40 Company which is valued at $23.1 Million after selling 37,260 shares in WD-40 Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.WD-40 Company makes up approximately 6.41% of Vgi Partners Pty Ltd’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in WDFC by selling 100 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 126,726 shares of WDFC which is valued at $13.7 Million. WD-40 Company makes up approx 0.01% of Norges Bank’s portfolio. Kalos Management sold out all of its stake in WDFC during the most recent quarter. The investment firm sold 1,776 shares of WDFC which is valued $188,718.

WD-40 Company closed down -0.18 points or -0.16% at $110.44 with 87,057 shares getting traded on Wednesday. Post opening the session at $110.98, the shares hit an intraday low of $110.075 and an intraday high of $111.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, WD-40 Company reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 7, 2016. Analyst had a consensus of $0.86. The company had revenue of $94.60 million for the quarter, compared to analysts expectations of $99.12 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on WD-40 Company. Company shares were Reiterated by Wunderlich on Apr 8, 2016 to “Hold”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by B. Riley & Co. on Apr 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 106 from a previous price target of $103 .

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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