Keybank National Association OH acquired a new stake in Valvoline Inc (NYSE:VVV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,305 shares of the basic materials company’s stock, valued at approximately $1,286,000.
Other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its position in Valvoline by 600.2% in 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 buying an additional 5,486 shares during the period. Macquarie Group Ltd. purchased a new stake in Valvoline in the 2nd quarter valued at about $183,000. Leavell Investment Management Inc. purchased a new stake in Valvoline in the 4th quarter valued at about $206,000. HighTower Advisors LLC purchased a new stake in Valvoline in the 2nd quarter valued at about $218,000. Finally, Dean Capital Investments Management LLC purchased a new stake in Valvoline in the 4th quarter valued at about $254,000. 95.46% of the stock is owned by institutional investors.
Shares of Valvoline Inc (NYSE:VVV) opened at $23.28 on Thursday. Valvoline Inc has a twelve month low of $20.99 and a twelve month high of $25.63. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54. The company has a market cap of $4,675.54, a PE ratio of 21.36, a PEG ratio of 1.39 and a beta of 0.84.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 EPS for the quarter, beating 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 business had revenue of $545.00 million during the quarter, compared to analyst estimates of $530.10 million. During the same quarter in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. sell-side analysts expect that Valvoline Inc will post 1.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.0745 dividend. 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 currently 27.52%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, January 25th. ValuEngine cut shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities cut shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, November 22nd. Longbow Research boosted their price objective on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Valvoline from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.86.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction dated 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 owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.59% of the company’s stock.
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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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