Aperio Group LLC lifted its position in Valvoline Inc (NYSE:VVV) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,300 shares of the basic materials company’s stock after buying an additional 2,829 shares during the quarter. Aperio Group LLC’s holdings in Valvoline were worth $1,712,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in 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 worth $150,000 after purchasing an additional 5,486 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Valvoline during the 2nd quarter worth $183,000. Leavell Investment Management Inc. acquired a new position in Valvoline during the 4th quarter worth $206,000. HighTower Advisors LLC acquired a new position in Valvoline during the 2nd quarter worth $218,000. Finally, Dean Capital Investments Management LLC acquired a new position in Valvoline during the 4th quarter worth $254,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Several research analysts recently commented on VVV shares. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. JPMorgan Chase & Co. boosted their target price on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Longbow Research boosted their target price on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average 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 company’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 completion of the transaction, the senior vice president now directly owns 77 shares of the company’s stock, valued at approximately $1,894.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Valvoline Inc (VVV) opened at $23.25 on Friday. The stock has a market capitalization of $4,691.54, a PE ratio of 21.33, a PEG ratio of 1.40 and a beta of 0.84. Valvoline Inc has a 1 year low of $20.99 and a 1 year high of $25.63. 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 released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $545.00 million during the quarter, compared to analysts’ expectations of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. equities research analysts predict that Valvoline Inc will post 1.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. The ex-dividend date 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%.
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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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