Xact Kapitalforvaltning AB Invests $424,000 in Valvoline Inc (VVV) Stock

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.

How to Become a New Pot Stock Millionaire

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%.

WARNING: This piece was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/07/xact-kapitalforvaltning-ab-invests-424000-in-valvoline-inc-vvv-stock.html.

Valvoline Profile

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.

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply