Conestoga Capital Advisors LLC Grows Stock Holdings in WD-40 (NASDAQ:WDFC)

Conestoga Capital Advisors LLC lifted its position in shares of WD-40 (NASDAQ:WDFC) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,803 shares of the specialty chemicals company’s stock after purchasing an additional 432 shares during the period. Conestoga Capital Advisors LLC owned 2.36% of WD-40 worth $78,032,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WDFC. Janney Montgomery Scott LLC raised its position in WD-40 by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,889 shares of the specialty chemicals company’s stock valued at $705,000 after purchasing an additional 132 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of WD-40 by 146.6% during the first quarter. Exchange Traded Concepts LLC now owns 7,693 shares of the specialty chemicals company’s stock valued at $1,877,000 after acquiring an additional 4,573 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in WD-40 by 36.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company’s stock worth $447,000 after acquiring an additional 491 shares during the period. Handelsbanken Fonder AB boosted its holdings in WD-40 by 23.9% in the first quarter. Handelsbanken Fonder AB now owns 4,665 shares of the specialty chemicals company’s stock valued at $1,138,000 after acquiring an additional 900 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in WD-40 in the first quarter valued at $6,072,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Up 1.1%

Shares of NASDAQ:WDFC opened at $244.23 on Tuesday. The firm has a market capitalization of $3.31 billion, a P/E ratio of 46.79 and a beta of 0.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The stock has a 50 day moving average price of $234.41 and a 200-day moving average price of $239.50. WD-40 has a 52-week low of $208.00 and a 52-week high of $292.36.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. The business had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, equities research analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the purchase, the chief financial officer now directly owns 4,072 shares of the company’s stock, valued at approximately $907,363.76. This represents a 6.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded shares of WD-40 to a “strong-buy” rating in a report on Monday, April 14th.

WD-40 Company Profile

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.