Gateway Investment Advisers LLC lifted its stake in shares of Valvoline Inc (NYSE:VVV) by 39.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,440 shares of the basic materials company’s stock after acquiring an additional 69,176 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.12% of Valvoline worth $6,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its position in shares of Valvoline by 600.2% during the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 5,486 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Valvoline during the second quarter worth approximately $183,000. First Allied Advisory Services Inc. acquired a new stake in Valvoline during the second quarter worth approximately $201,000. Leavell Investment Management Inc. acquired a new stake in Valvoline during the fourth quarter worth approximately $206,000. Finally, HighTower Advisors LLC acquired a new stake in Valvoline during the second quarter worth approximately $218,000. Institutional investors own 92.43% of the company’s stock.
Shares of Valvoline Inc (NYSE:VVV) opened at $24.99 on Friday. Valvoline Inc has a one year low of $20.99 and a one year high of $25.63. The company has a market capitalization of $5,040.00 and a P/E ratio of 16.77. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The firm had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 10.7% on a year-over-year basis. analysts forecast that Valvoline Inc will post 1.3 EPS for the current fiscal year.
In other Valvoline news, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now owns 6,192 shares of the company’s stock, valued at $150,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the sale, the senior vice president now directly owns 77 shares of the company’s stock, valued at approximately $1,894.97. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
VVV has been the subject of several recent analyst reports. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley raised their target price on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and set a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, November 22nd. Finally, ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.88.
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Valvoline Company Profile
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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