Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Valvoline Inc (NYSE:VVV) by 79.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,936 shares of the basic materials company’s stock after purchasing an additional 5,268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Valvoline were worth $299,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of VVV. HighTower Advisors LLC acquired a new position in shares of Valvoline during the 2nd quarter worth approximately $218,000. Macquarie Group Ltd. acquired a new position in shares of Valvoline during the 2nd quarter worth approximately $183,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Valvoline in the 2nd quarter worth approximately $579,000. State Street Corp grew its stake in Valvoline by 1,123.5% in the 2nd quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock worth $124,750,000 after acquiring an additional 4,829,291 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Valvoline by 7,115.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 432,882 shares of the basic materials company’s stock worth $10,268,000 after acquiring an additional 426,883 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Shares of Valvoline Inc (NYSE VVV) opened at $23.37 on Monday. Valvoline Inc has a 12 month low of $20.99 and a 12 month high of $25.63. The stock has a market cap of $4,675.54, a price-to-earnings ratio of 17.57, a PEG ratio of 1.39 and a beta of 0.84. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of -5.91.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $530.10 million. During the same period in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. sell-side analysts predict that Valvoline Inc will post 1.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid 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 dividend yield of 1.28%. Valvoline’s dividend payout ratio is presently 27.52%.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by insiders.
Several research firms have commented on VVV. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley lifted their target price on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Seaport Global Securities cut shares of 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. Longbow Research lifted their target price on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.86.
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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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