Tdam USA Inc. lowered its position in Valvoline Inc. (NYSE:VVV) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,265 shares of the basic materials company’s stock after selling 4,895 shares during the period. Tdam USA Inc.’s holdings in Valvoline were worth $1,335,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp acquired a new position in Valvoline during the fourth quarter worth approximately $6,508,000. M&T Bank Corp acquired a new position in Valvoline during the first quarter worth approximately $203,000. Bank of New York Mellon Corp increased its position in Valvoline by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 132,166 shares of the basic materials company’s stock worth $3,245,000 after buying an additional 13,938 shares during the last quarter. TD Asset Management Inc. increased its position in Valvoline by 57.0% in the first quarter. TD Asset Management Inc. now owns 157,000 shares of the basic materials company’s stock worth $3,854,000 after buying an additional 57,000 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock worth $137,000 after buying an additional 4,808 shares during the last quarter. 28.34% of the stock is owned by institutional investors.
Valvoline Inc. (NYSE:VVV) opened at 22.31 on Tuesday. Valvoline Inc. has a one year low of $18.30 and a one year high of $24.98. The company has a market capitalization of $4.55 billion and a P/E ratio of 19.54. The company’s 50-day moving average is $23.25 and its 200 day moving average is $23.10.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. The business had revenue of $534 million during the quarter, compared to analyst estimates of $530.57 million. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Valvoline Inc. will post $1.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.049 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.
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VVV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, June 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. Finally, Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Valvoline has a consensus rating of “Hold” and an average target price of $26.18.
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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