Zacks Investment Research lowered shares of Valvoline (NYSE:VVV) from a buy rating to a hold rating in a report issued on Saturday.
According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
Other research analysts also recently issued research reports about the company. Longbow Research increased their target price on Valvoline from $28.00 to $30.00 and gave the stock a buy rating in a report on Thursday, December 21st. Morgan Stanley increased their target price on Valvoline from $25.00 to $26.00 and gave the stock an equal weight rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a hold rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. ValuEngine downgraded Valvoline from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Seaport Global Securities downgraded Valvoline from a buy rating to a neutral rating and set a $26.00 target price on the stock. in a report on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Valvoline currently has an average rating of Hold and a consensus target price of $25.71.
Valvoline (NYSE VVV) opened at $23.72 on Friday. The company has a market capitalization of $4,790.00 and a PE ratio of 15.92. Valvoline has a 1-year low of $20.99 and a 1-year high of $25.63. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. equities analysts forecast that Valvoline will post 1.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, February 28th. Valvoline’s dividend payout ratio is presently 20.13%.
In other news, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now directly owns 6,192 shares in the company, valued at approximately $150,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
Several institutional investors have recently made changes to their positions in VVV. Janus Henderson Group PLC acquired a new stake in shares of Valvoline during the 2nd quarter worth approximately $118,964,000. State Street Corp raised its position in shares of Valvoline by 1,123.5% during the 2nd quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock worth $124,750,000 after purchasing an additional 4,829,291 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Valvoline during the 2nd quarter worth approximately $62,935,000. FMR LLC raised its position in shares of Valvoline by 339.0% during the 2nd quarter. FMR LLC now owns 3,130,824 shares of the basic materials company’s stock worth $74,263,000 after purchasing an additional 2,417,688 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Valvoline during the 4th quarter worth approximately $50,196,000. Institutional investors and hedge funds own 92.79% of the company’s stock.
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.
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