Amalgamated Bank Has $911,000 Holdings in WD-40 (NASDAQ:WDFC)

Amalgamated Bank trimmed its holdings in WD-40 (NASDAQ:WDFC) by 2.6% in the second quarter, Holdings Channel reports. The fund owned 4,146 shares of the specialty chemicals company’s stock after selling 110 shares during the period. Amalgamated Bank’s holdings in WD-40 were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. APG Asset Management US Inc. bought a new stake in shares of WD-40 during the fourth quarter worth $38,142,000. Norges Bank bought a new position in WD-40 during the 4th quarter worth about $19,697,000. Jupiter Asset Management Ltd. acquired a new stake in shares of WD-40 in the 1st quarter valued at about $20,491,000. Lord Abbett & CO. LLC bought a new stake in shares of WD-40 in the first quarter valued at about $4,180,000. Finally, Lazard Asset Management LLC boosted its position in shares of WD-40 by 83.6% during the first quarter. Lazard Asset Management LLC now owns 26,226 shares of the specialty chemicals company’s stock worth $6,642,000 after buying an additional 11,939 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price target on WD-40 from $313.00 to $303.00 and set a “buy” rating for the company in a research report on Thursday, July 11th.

WD-40 Stock Up 0.4 %

WD-40 stock opened at $257.55 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78. The company has a fifty day simple moving average of $256.14 and a 200 day simple moving average of $241.73. The company has a market cap of $3.49 billion, a P/E ratio of 50.60 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Wednesday, July 10th. The specialty chemicals company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.07. WD-40 had a return on equity of 32.43% and a net margin of 12.07%. The company had revenue of $155.05 million during the quarter, compared to analysts’ expectations of $145.80 million. During the same quarter last year, the company earned $1.38 EPS. WD-40’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts anticipate that WD-40 will post 5.22 earnings per share for the current fiscal year.

About WD-40

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.