Teacher Retirement System of Texas Raises Holdings in Valvoline Inc. (VVV)

Teacher Retirement System of Texas lifted its position in Valvoline Inc. (NYSE:VVV) by 616.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,174 shares of the basic materials company’s stock after purchasing an additional 100,825 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Valvoline worth $2,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in Valvoline during the 1st quarter valued at approximately $254,000. TIAA CREF Investment Management LLC raised its stake in shares of Valvoline by 17.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 91,625 shares of the basic materials company’s stock worth $2,249,000 after buying an additional 13,476 shares in the last quarter. Legal & General Group Plc increased its stake in Valvoline by 1,210.5% in the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 7,578 shares in the last quarter. Vanguard Group Inc. increased its stake in Valvoline by 105.1% in the 1st quarter. Vanguard Group Inc. now owns 3,793,964 shares of the basic materials company’s stock valued at $93,142,000 after purchasing an additional 1,944,594 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Valvoline by 8.5% in the 1st quarter. Geode Capital Management LLC now owns 253,378 shares of the basic materials company’s stock valued at $6,220,000 after purchasing an additional 19,872 shares in the last quarter. 92.19% of the stock is owned by hedge funds and other institutional investors.

In other Valvoline news, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the transaction, the insider now directly owns 6,192 shares of the company’s stock, valued at $150,651.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on VVV shares. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, October 21st. Morgan Stanley raised their price objective on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $22.00 target price (up previously from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.29.

Valvoline Inc. (NYSE:VVV) traded up $0.31 during mid-day trading on Wednesday, hitting $24.46. The stock had a trading volume of 1,371,965 shares, compared to its average volume of 1,361,644. Valvoline Inc. has a 1-year low of $19.80 and a 1-year high of $25.07. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $4,947.75, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business had revenue of $547.00 million for the quarter, compared to analyst estimates of $528.14 million. During the same quarter last year, the business earned $0.35 EPS. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Valvoline Inc. will post 1.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.0745 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a yield of 1.22%. This is a boost from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio (DPR) is presently 20.13%.

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Valvoline Company Profile

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.

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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