Zacks Investment Research downgraded shares of Valvoline (NYSE:VVV) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
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. “
A number of other equities research analysts have also weighed in on VVV. Morgan Stanley upped their target price on shares of Valvoline from $25.00 to $26.00 and gave the stock an equal weight rating in a report on Friday, November 10th. SunTrust Banks restated a hold rating and issued a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. Seaport Global Securities lowered shares of 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. ValuEngine lowered shares of Valvoline from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Longbow Research increased their price objective on shares of Valvoline from $28.00 to $30.00 and gave the company a buy rating in a research note on Thursday, December 21st. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $25.86.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The company had revenue of $545.00 million for the quarter, compared to analyst estimates of $530.10 million. During the same quarter in the prior year, the business posted $0.35 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. analysts expect that Valvoline will post 1.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.0745 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.28%. Valvoline’s dividend payout ratio (DPR) is 27.52%.
In other Valvoline news, SVP Thomas A. Gerrald II sold 3,800 shares of the 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 sale, the senior vice president now owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.59% of the company’s stock.
Large investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC increased its stake 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 valued at $150,000 after buying an additional 5,486 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Valvoline by 63.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,696 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,602 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Valvoline in the 2nd quarter valued at about $183,000. Leavell Investment Management Inc. bought a new position in shares of Valvoline during the 4th quarter valued at approximately $206,000. Finally, Good Life Advisors LLC bought a new position in shares of Valvoline during the 4th quarter valued at approximately $241,000. Hedge funds and other institutional investors own 95.46% 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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