Golden Gate Private Equity Inc. purchased a new position in Valvoline Inc. (NYSE:VVV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 132,501 shares of the basic materials company’s stock, valued at approximately $3,107,000. Valvoline accounts for approximately 2.4% of Golden Gate Private Equity Inc.’s holdings, making the stock its 19th biggest position. Golden Gate Private Equity Inc. owned about 0.07% of Valvoline at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Macquarie Group Ltd. acquired a new position in Valvoline in the 2nd quarter worth approximately $183,000. Legal & General Group Plc increased its holdings in Valvoline by 1,210.5% in the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after buying an additional 7,578 shares during the period. First Allied Advisory Services Inc. acquired a new position in Valvoline in the 2nd quarter worth approximately $201,000. Oakbrook Investments LLC acquired a new position in Valvoline in the 2nd quarter worth approximately $204,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Valvoline in the 2nd quarter worth approximately $213,000. Institutional investors own 92.41% of the company’s stock.
Several brokerages recently weighed in on VVV. Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Wednesday. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set 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 stock an “equal weight” rating in a research note on Friday, November 10th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Valvoline has an average rating of “Hold” and a consensus price target of $25.38.
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 transaction, the insider now 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 is available at this link. 0.07% of the stock is owned by company insiders.
Shares of Valvoline Inc. (NYSE VVV) traded up $0.05 during midday trading on Wednesday, hitting $24.42. 1,185,500 shares of the stock were exchanged, compared to its average volume of 1,348,918. The firm has a market cap of $4,935.60, a PE ratio of 17.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.62. Valvoline Inc. has a twelve month low of $19.57 and a twelve month high of $25.07. 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 data 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 firm had revenue of $547.00 million for the quarter, compared to analyst estimates of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. equities analysts forecast that Valvoline Inc. will post 1.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.0745 per share. This is a boost from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.22%. Valvoline’s dividend payout ratio (DPR) is presently 13.42%.
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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