Valvoline Inc (NYSE:VVV)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $20.83 and last traded at $20.98, with a volume of 1448881 shares traded. The stock had previously closed at $21.18.
A number of equities analysts have issued reports on VVV shares. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Thursday, January 25th. Longbow Research raised their target price on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Morgan Stanley reduced their target price on Valvoline from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. JPMorgan Chase raised their target price on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Wolfe Research started coverage on Valvoline in a report on Wednesday, March 7th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Valvoline currently has a consensus rating of “Hold” and a consensus price target of $25.86.
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 firm has a market cap of $4,423.46, a price-to-earnings ratio of 16.62, a PEG ratio of 1.32 and a beta of 1.00.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The business had revenue of $545.00 million for the quarter, compared to analysts’ expectations of $530.10 million. During the same quarter in the previous year, the business posted $0.35 EPS. Valvoline’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts expect 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 Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.0745 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, May 31st. Valvoline’s dividend payout ratio (DPR) is presently 21.58%.
Several large investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in shares of Valvoline by 5.9% during the 4th quarter. Amalgamated Bank now owns 41,299 shares of the basic materials company’s stock valued at $1,035,000 after purchasing an additional 2,300 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Valvoline by 63.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,696 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 2,602 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Valvoline by 6.1% during the 4th quarter. Guggenheim Capital LLC now owns 47,919 shares of the basic materials company’s stock valued at $1,201,000 after purchasing an additional 2,759 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Valvoline by 4.3% during the 4th quarter. Aperio Group LLC now owns 68,300 shares of the basic materials company’s stock valued at $1,712,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Valvoline by 1.0% during the 4th quarter. Swiss National Bank now owns 345,165 shares of the basic materials company’s stock valued at $8,650,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.
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Valvoline Company 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.
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