Los Angeles Capital Management LLC Divests its Stake in WD-40 Company.
February 7, 2023
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Los Angeles Capital Management LLC has recently divested its stake in the WD-40 ($NASDAQ:WDFC) Company. The WD-40 Company is a global consumer goods company renowned for its flagship product, WD-40 Multi-Use Product. The move is significant as Los Angeles Capital Management LLC had been one of the largest shareholders of the company for many years. This decision may be due to a variety of factors, including the current market conditions, or a shift in the company’s investment strategy. WD-40 Company has seen a steady growth in revenue over the past few years, largely due to its expansion into new markets and its innovative product launches.
The company has also made a number of strategic acquisitions that have improved its competitive position and enabled it to capitalize on new opportunities. Its shares have risen steadily over the past year, and the company is well-positioned to continue its growth trajectory in the coming years. The divestment of Los Angeles Capital Management LLC’s stake in WD-40 Company signals a change in the ownership structure of the company, which could have implications for investors. It remains to be seen how this decision will affect the company’s future performance, but it is clear that this divestment will be closely watched by the market.
Price History
This news was quickly picked up by the media and the majority of coverage has been positive. In response to the news, WD-40 Company stock opened at $172.4 and closed at $171.9, down by 0.6% from its prior closing price of $173.0. The company produces a variety of products including lubricants, degreasers, cleaners, and corrosion inhibitors. They are best known for their signature product, WD-40, which is a popular household item and industrial lubricant.
It is unclear why Los Angeles Capital Management LLC decided to divest their stake in the company, but it appears to be part of a larger trend of investors trimming their exposure to the stock. It remains to be seen how this news will impact the company’s stock price in the future, but for now it appears to be holding steady with only a small dip in the opening day’s trading. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wd-40 Company. More…
| Total Revenues | Net Income | Net Margin |
| 508.97 | 62.53 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wd-40 Company. More…
| Operations | Investing | Financing |
| 13.99 | -6.63 | -28.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wd-40 Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 441.49 | 250.12 | 13.87 |
Key Ratios Snapshot
Some of the financial key ratios for Wd-40 Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | 0.5% | 16.1% |
| FCF Margin | ROE | ROA |
| 1.3% | 27.0% | 11.6% |
Analysis
GoodWhale’s analysis of the fundamentals of WD-40 COMPANY shows that it has a high health score of 8/10 with regard to its cashflows and debt, making it a safe option for investors looking to ride out any crisis without the risk of bankruptcy. WD-40 COMPANY is classified as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. This makes it an attractive option for dividend-seeking investors who are looking for a steady return on their investment. In terms of its financials, WD-40 COMPANY is strong in dividend and profitability, medium in asset and weak in growth. While its growth may be slower than some other companies, the stability of its dividends makes it an attractive option for long-term investors who are looking for steady returns. WD-40 COMPANY’s strong financials, combined with its ability to pay out consistent and sustainable dividends, make it an attractive option for investors who are looking for a safe and steady return on their investments. Its strength in dividend and profitability, combined with its medium asset base, make it a good choice for those looking for a reliable source of income. Its weak growth may mean that it is not ideal for investors looking for more rapid returns, but its track record of dependable dividends makes it appealing to those looking for stability. More…
Peers
WD-40 Co is a leading global provider of lubricants, cleaners and rust-prevention products. The company’s products are sold in more than 160 countries and its brands are found in more than 30,000 stores. WD-40 Co’s competitors include Hartalega Holdings Bhd, OCI NV, Fuchs Petrolub SE and other leading providers of lubricants, cleaners and rust-prevention products.
– Hartalega Holdings Bhd ($KLSE:5168)
Hartalega Holdings Bhd is a Malaysia-based company that manufactures and supplies nitrile gloves. The company has a market capitalization of 6.29 billion as of 2022 and a return on equity of 23.22%. Hartalega Holdings is the world’s largest nitrile glove manufacturer with a capacity of 36 billion gloves per year. The company’s products are used in a variety of industries, including healthcare, food and beverage, and industrial.
– OCI NV ($LTS:0QGH)
Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded in 1999 by Jack Ma, Alibaba is one of the world’s largest online and mobile commerce companies. The company operates in over 200 countries and regions, and handles more than US$1 trillion in gross merchandise volume annually.
– Fuchs Petrolub SE ($OTCPK:FUPBY)
Fuchs Petrolub SE is a German oil and lubricant company with a market cap of 3.54B as of 2022. The company has a return on equity of 11.99%. Fuchs Petrolub SE is a leading manufacturer of lubricants and related specialties. The company’s products are used in a wide range of industries, including automotive, aerospace, chemical, energy, food and beverage, metalworking, mining, and more. Fuchs Petrolub SE’s products are sold in over 150 countries around the world.
Summary
Los Angeles Capital Management LLC recently divested its stake in WD-40 Company. The company has seen positive media exposure, which could be an indication of its financial performance. Investors interested in WD-40 Company should review their current financials and consider the company’s potential growth opportunities. They should also analyze the company’s competitive landscape, management team, and current market conditions.
Additionally, the company’s dividend history and debt load should be taken into account when deciding whether to invest in the company. Investors should also research the company’s recent acquisitions and other strategic moves to further evaluate the company’s long-term prospects.
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