Valvoline (NYSE:VVV) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Valvoline (NYSE:VVV) from a sell rating to a hold rating in a research report released on Tuesday, December 19th.

According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “

VVV has been the subject of a number of other research reports. SunTrust Banks reaffirmed a hold rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. ValuEngine lowered shares of Valvoline from a buy rating to a hold rating in a report on Friday, December 1st. Seaport Global Securities lowered shares of Valvoline from a buy rating to a neutral rating and set a $26.00 price target for the company. in a report on Wednesday, November 22nd. Finally, Morgan Stanley boosted their price target on shares of Valvoline from $25.00 to $26.00 and gave the company an equal weight rating in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Valvoline presently has an average rating of Hold and a consensus target price of $25.88.

Valvoline (NYSE:VVV) traded up $0.23 during mid-day trading on Tuesday, reaching $25.23. 1,384,898 shares of the company traded hands, compared to its average volume of 1,339,562. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84. Valvoline has a 1 year low of $20.99 and a 1 year high of $25.63. The company has a market cap of $5,070.00 and a PE ratio of 16.93.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business had revenue of $547.00 million for the quarter, compared to analyst estimates of $528.14 million. During the same period in the prior year, the firm posted $0.35 EPS. Valvoline’s revenue was up 10.7% on a year-over-year basis. equities research analysts anticipate that Valvoline will post 1.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.0745 per share. The ex-dividend date was Thursday, November 30th. This is a boost from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 1.18%. Valvoline’s payout ratio is 20.13%.

In other Valvoline news, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.61, for a total transaction of $93,518.00. Following the sale, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in Valvoline by 23.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 2,105 shares during the period. Eos Focused Equity Management L.P. raised its holdings in Valvoline by 1.1% in the 2nd quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock valued at $5,473,000 after acquiring an additional 2,531 shares during the period. Brown Advisory Inc. raised its holdings in Valvoline by 13.8% in the 3rd quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock valued at $571,000 after acquiring an additional 2,967 shares during the period. Pacer Advisors Inc. raised its holdings in Valvoline by 11.5% in the 3rd quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock valued at $980,000 after acquiring an additional 4,315 shares during the period. Finally, M&T Bank Corp raised its holdings in Valvoline by 55.5% in the 2nd quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 4,602 shares during the period. 92.43% of the stock is currently owned by institutional investors.

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About Valvoline

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

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