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 2.51% during the most recent quarter end. The investment management company now holds a total of 208,376 shares of WD-40 Company which is valued at $24,140,360 after selling 5,363 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 6.78% of Vgi Partners Pty Ltd’s portfolio.

Other Hedge Funds, Including , Magnetar Financial sold out all of its stake in WDFC during the most recent quarter. The investment firm sold 2,224 shares of WDFC which is valued $257,650.Thrivent Financial For Lutherans boosted its stake in WDFC in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 6,480 shares of WD-40 Company which is valued at $750,708.Blackrock Fund Advisors boosted its stake in WDFC in the latest quarter, The investment management firm added 5,601 additional shares and now holds a total of 859,867 shares of WD-40 Company which is valued at $99,615,592. WD-40 Company makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in WDFC in the latest quarter, The investment management firm added 6,421 additional shares and now holds a total of 139,204 shares of WD-40 Company which is valued at $16,517,947. WD-40 Company makes up approx 0.12% of Robeco Institutional Asset Management B.v.’s portfolio.

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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