Cambiar Investors LLC acquired a new position in shares of Valvoline Inc. (NYSE:VVV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 328,491 shares of the basic materials company’s stock, valued at approximately $7,703,000. Cambiar Investors LLC owned 0.16% of Valvoline as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Valvoline during the second quarter worth $183,000. Legal & General Group Plc grew its holdings in Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 7,578 shares during the period. First Allied Advisory Services Inc. acquired a new stake in Valvoline in the second quarter worth $201,000. Oakbrook Investments LLC acquired a new stake in Valvoline in the second quarter worth $204,000. Finally, Fruth Investment Management acquired a new stake in Valvoline in the second quarter worth $208,000. Institutional investors own 92.77% of the company’s stock.
A number of research firms have commented on VVV. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a research note on Friday, November 10th. Morgan Stanley raised their price objective on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.38.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The firm had revenue of $547.00 million for the quarter, compared to the consensus estimate of $528.14 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts predict that Valvoline Inc. will post 1.26 earnings per share for the current year.
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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