Gamco Investors INC. ET AL grew its holdings in shares of Valvoline Inc (NYSE:VVV) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815,267 shares of the basic materials company’s stock after acquiring an additional 30,328 shares during the period. Gamco Investors INC. ET AL owned about 0.96% of Valvoline worth $35,452,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Meridian Wealth Management LLC bought a new position in Valvoline in the first quarter worth about $25,000. Quadrant Capital Group LLC lifted its holdings in Valvoline by 958.3% in the first quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,380 shares during the last quarter. Hilton Capital Management LLC bought a new position in Valvoline in the first quarter worth about $56,000. AdvisorNet Financial Inc lifted its holdings in Valvoline by 83.2% in the second quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Valvoline by 102.8% in the first quarter. Meeder Asset Management Inc. now owns 5,341 shares of the basic materials company’s stock worth $99,000 after acquiring an additional 2,708 shares during the last quarter. Institutional investors own 97.69% of the company’s stock.
Shares of NYSE VVV traded up $0.19 during mid-day trading on Monday, reaching $22.29. 2,504 shares of the company traded hands, compared to its average volume of 1,310,162. Valvoline Inc has a fifty-two week low of $16.90 and a fifty-two week high of $23.16. The firm has a market cap of $4.11 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The stock has a fifty day simple moving average of $20.75 and a 200-day simple moving average of $19.24.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Valvoline had a net margin of 9.60% and a negative return on equity of 80.89%. The business had revenue of $613.00 million for the quarter, compared to analyst estimates of $610.42 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Valvoline Inc will post 1.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.106 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.90%. Valvoline’s dividend payout ratio is presently 32.56%.
A number of equities analysts have issued reports on the stock. Morgan Stanley set a $19.00 target price on shares of Valvoline and gave the stock a “hold” rating in a report on Thursday, May 2nd. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, July 19th. Buckingham Research raised Valvoline from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $24.00 in a report on Monday, July 1st. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $24.00 price target (down previously from $26.00) on shares of Valvoline in a report on Friday, May 3rd. Finally, Citigroup lifted their price target on Valvoline from $21.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Valvoline has an average rating of “Hold” and an average price target of $22.63.
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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