Boys Arnold & Co. Inc. acquired a new position in Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,236 shares of the basic materials company’s stock, valued at approximately $1,120,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new stake in shares of Valvoline during the fourth quarter valued at approximately $1,179,000. Teachers Advisors LLC bought a new stake in shares of Valvoline during the fourth quarter valued at approximately $737,000. Acadian Asset Management LLC increased its stake in shares of Valvoline by 53.5% in the first quarter. Acadian Asset Management LLC now owns 114,450 shares of the basic materials company’s stock valued at $2,811,000 after buying an additional 39,902 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Valvoline during the first quarter valued at approximately $1,642,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Valvoline by 10.5% in the first quarter. Russell Investments Group Ltd. now owns 583,165 shares of the basic materials company’s stock valued at $14,316,000 after buying an additional 55,507 shares during the last quarter. Institutional investors own 41.01% of the company’s stock.
Shares of Valvoline Inc. (NYSE:VVV) traded up 0.61% during midday trading on Friday, reaching $21.38. The company’s stock had a trading volume of 961,314 shares. The stock has a market capitalization of $4.33 billion and a P/E ratio of 18.72. Valvoline Inc. has a 12 month low of $18.30 and a 12 month high of $24.98. The stock’s 50-day moving average is $22.43 and its 200 day moving average is $23.00.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $534 million for the quarter, compared to analyst estimates of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts expect that Valvoline Inc. will post $1.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.049 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.20 annualized dividend and a yield of 0.92%. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.
Several brokerages recently commented on VVV. Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $22.00 target price (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.83.
About Valvoline
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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