Tower Research Capital LLC TRC decreased its position in Valvoline Inc (NYSE:VVV) by 86.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,292 shares of the basic materials company’s stock after selling 14,800 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Valvoline were worth $50,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Wasatch Advisors Inc. raised its holdings in Valvoline by 28.6% in the second quarter. Wasatch Advisors Inc. now owns 4,469,705 shares of the basic materials company’s stock valued at $87,293,000 after acquiring an additional 993,754 shares in the last quarter. Schroder Investment Management Group raised its holdings in Valvoline by 4.8% in the second quarter. Schroder Investment Management Group now owns 3,890,561 shares of the basic materials company’s stock valued at $75,983,000 after acquiring an additional 178,746 shares in the last quarter. Tensile Capital Management LLC raised its holdings in Valvoline by 3.7% in the second quarter. Tensile Capital Management LLC now owns 3,185,494 shares of the basic materials company’s stock valued at $62,213,000 after acquiring an additional 113,422 shares in the last quarter. Boston Partners raised its holdings in Valvoline by 15.8% during the second quarter. Boston Partners now owns 3,117,717 shares of the basic materials company’s stock worth $60,985,000 after purchasing an additional 424,373 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Valvoline by 1.7% during the second quarter. Gamco Investors INC. ET AL now owns 1,815,267 shares of the basic materials company’s stock worth $35,452,000 after purchasing an additional 30,328 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on VVV shares. TheStreet raised shares of Valvoline from a “d+” rating to a “c+” rating in a report on Monday, September 23rd. ValuEngine raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.20.
VVV stock opened at $22.51 on Tuesday. Valvoline Inc has a twelve month low of $16.90 and a twelve month high of $23.90. The company’s 50 day moving average is $22.36 and its two-hundred day moving average is $21.01. The stock has a market cap of $4.27 billion, a P/E ratio of 16.19, a PEG ratio of 1.58 and a beta of 0.91.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. Valvoline had a net margin of 8.70% and a negative return on equity of 91.40%. The company had revenue of $629.00 million for the quarter, compared to analysts’ expectations of $627.04 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts predict that Valvoline Inc will post 1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.113 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.45 dividend on an annualized basis and a yield of 2.01%. This is a boost from Valvoline’s previous quarterly dividend of $0.11. Valvoline’s dividend payout ratio (DPR) is presently 32.37%.
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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