Advisory Research Inc. trimmed its holdings in Valvoline Inc (NYSE:VVV) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,074 shares of the basic materials company’s stock after selling 29,051 shares during the quarter. Advisory Research Inc. owned approximately 0.07% of Valvoline worth $3,711,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of VVV. California State Teachers Retirement System increased its holdings in Valvoline by 435.8% during the 2nd quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock worth $8,985,000 after purchasing an additional 308,115 shares during the period. Whalerock Point Partners LLC purchased a new position in Valvoline during the 4th quarter worth $569,000. Patten Group Inc. increased its holdings in Valvoline by 900.3% during the 3rd quarter. Patten Group Inc. now owns 98,831 shares of the basic materials company’s stock worth $1,341,000 after purchasing an additional 88,951 shares during the period. Wells Fargo & Company MN increased its holdings in Valvoline by 125.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,257,567 shares of the basic materials company’s stock worth $29,491,000 after purchasing an additional 700,783 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Valvoline by 74.0% during the 4th quarter. APG Asset Management N.V. now owns 1,167,500 shares of the basic materials company’s stock worth $24,365,000 after purchasing an additional 496,400 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Shares of Valvoline Inc (NYSE:VVV) opened at $23.37 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of -5.91. The stock has a market capitalization of $4,725.55, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. Valvoline Inc has a 52-week low of $20.99 and a 52-week high of $25.63.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $545.00 million for 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 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. equities research analysts forecast that Valvoline Inc will post 1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.28%. Valvoline’s dividend payout ratio (DPR) is presently 27.52%.
VVV has been the topic of several research reports. SunTrust Banks restated a “hold” rating and set a $25.00 price objective on shares of Valvoline in a report on Friday, November 10th. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Saturday, October 21st. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Wednesday, November 22nd. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Longbow Research increased their target price on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report 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. Valvoline has an average rating of “Hold” and an average target price of $25.86.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at approximately $1,894.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.
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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