Atlantic Trust Group LLC decreased its holdings in shares of Valvoline Inc (NYSE:VVV) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,083 shares of the basic materials company’s stock after selling 4,423 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.08% of Valvoline worth $3,964,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in VVV. Chicago Partners Investment Group LLC grew its position in Valvoline by 600.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 5,486 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Valvoline in the 2nd quarter worth $183,000. First Allied Advisory Services Inc. acquired a new stake in Valvoline in the 2nd quarter worth $201,000. Virginia Retirement Systems ET AL acquired a new stake in Valvoline in the 2nd quarter worth $213,000. Finally, HighTower Advisors LLC acquired a new stake in Valvoline in the 2nd quarter worth $218,000. Institutional investors own 92.43% of the company’s stock.
Valvoline Inc (NYSE:VVV) opened at $25.23 on Friday. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. Valvoline Inc has a 1-year low of $20.99 and a 1-year high of $25.63. The stock has a market cap of $5,070.00 and a P/E ratio of 16.93.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s payout ratio is currently 20.13%.
In other Valvoline news, SVP Thomas A. Gerrald II sold 3,800 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the transaction, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the completion of the transaction, the insider now owns 6,192 shares in the company, valued at $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
A number of research firms have recently commented on VVV. ValuEngine downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. SunTrust Banks reissued a “hold” rating and set a $25.00 price target on shares of Valvoline in a report on Friday, November 10th. Longbow Research lifted their price target on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.88.
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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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