Two Sigma Advisers LP acquired a new position in Valvoline Inc (NYSE:VVV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,084 shares of the basic materials company’s stock, valued at approximately $2,458,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VVV. Chicago Partners Investment Group LLC lifted its stake in Valvoline by 600.2% in the third 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. Leavell Investment Management Inc. bought a new stake in Valvoline in the fourth quarter worth about $206,000. Good Life Advisors LLC bought a new stake in Valvoline in the fourth quarter worth about $241,000. Dean Capital Investments Management LLC bought a new stake in Valvoline in the fourth quarter worth about $254,000. Finally, Zions Bancorporation lifted its stake in Valvoline by 70.4% in the third quarter. Zions Bancorporation now owns 11,907 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 4,918 shares during the last quarter. 95.50% of the stock is owned by institutional investors and hedge funds.
VVV has been the subject of several analyst reports. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley reduced their target price on shares of Valvoline from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. JPMorgan Chase lowered shares of Valvoline from a “neutral” rating to an “underweight” rating and set a $23.00 target price on the stock. in a research report on Friday, March 16th. Longbow Research raised their target price on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Wolfe Research started coverage on shares of Valvoline in a research report on Wednesday, March 7th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Valvoline presently has a consensus rating of “Hold” and a consensus price target of $25.86.
Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $545.00 million for the quarter, compared to analyst estimates of $530.10 million. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. sell-side analysts anticipate that Valvoline Inc will post 1.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, February 28th. Valvoline’s dividend payout ratio (DPR) is presently 21.58%.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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