Xact Kapitalforvaltning AB acquired a new position in Valvoline Inc (NYSE:VVV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,900 shares of the basic materials company’s stock, valued at approximately $424,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Valvoline by 63.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,696 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 2,602 shares during the period. MetLife Investment Advisors LLC acquired a new position in Valvoline in the 4th quarter worth approximately $3,213,000. Tensile Capital Management LLC boosted its stake in Valvoline by 13.1% in the 4th quarter. Tensile Capital Management LLC now owns 1,817,322 shares of the basic materials company’s stock worth $45,542,000 after purchasing an additional 210,000 shares during the period. Meadow Creek Investment Management LLC boosted its stake in Valvoline by 21.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 30,532 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 5,440 shares during the period. Finally, Raymond James & Associates boosted its stake in Valvoline by 15.1% in the 4th quarter. Raymond James & Associates now owns 239,795 shares of the basic materials company’s stock worth $6,009,000 after purchasing an additional 31,502 shares during the period. 95.50% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. JPMorgan Chase increased their target price on shares of Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Wolfe Research assumed coverage on shares of Valvoline in a research report on Wednesday, March 7th. They issued an “outperform” rating for the company. Longbow Research increased 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. Finally, 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, February 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.86.
Valvoline stock opened at $22.09 on Friday. The firm has a market cap of $4,471.47, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00. 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 Inc has a 1-year low of $20.99 and a 1-year high of $25.63.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $545.00 million for the quarter, compared to the consensus estimate of $530.10 million. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. Valvoline’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. research analysts expect that Valvoline Inc will post 1.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.0745 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. Valvoline’s dividend payout ratio is currently 21.58%.
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Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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