SG Americas Securities LLC purchased a new stake in shares of Valvoline Inc (NYSE:VVV) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 49,570 shares of the basic materials company’s stock, valued at approximately $1,242,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its position in shares of Valvoline by 600.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 5,486 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Valvoline during the 2nd quarter valued at $183,000. Leavell Investment Management Inc. purchased a new position in shares of Valvoline during the 4th quarter valued at $206,000. HighTower Advisors LLC purchased a new position in shares of Valvoline during the 2nd quarter valued at $218,000. Finally, Zions Bancorporation grew its position in Valvoline by 70.4% in the third quarter. Zions Bancorporation now owns 11,907 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 4,918 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Valvoline Inc (VVV) opened at $23.44 on Tuesday. Valvoline Inc has a 1 year low of $20.99 and a 1 year high of $25.63. The stock has a market cap of $4,750.00 and a price-to-earnings ratio of 21.50. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The company had revenue of $545.00 million during the quarter, compared to analyst estimates of $530.10 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. analysts predict that Valvoline Inc will post 1.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.27%. Valvoline’s payout ratio is 27.52%.
In other Valvoline news, insider Anthony R. Puckett sold 4,294 shares of the company’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 completion of the sale, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the sale, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
VVV has been the subject of several research reports. Zacks Investment Research upgraded shares of Valvoline from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Thursday, January 25th. Longbow Research upped their target price on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley cut their target price on shares of Valvoline from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday. SunTrust Banks reiterated a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Valvoline presently has an average rating of “Hold” and a consensus target price of $25.86.
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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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