Public Employees Retirement System of Ohio Has $391,000 Stake in Valvoline Inc. (VVV)
Public Employees Retirement System of Ohio continued to hold its position in shares of Valvoline Inc. (NYSE:VVV) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,912 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Valvoline were worth $391,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Tdam USA Inc. raised its position in shares of Valvoline by 0.5% in the first quarter. Tdam USA Inc. now owns 61,160 shares of the basic materials company’s stock valued at $1,501,000 after buying an additional 309 shares during the period. Ngam Advisors L.P. raised its position in shares of Valvoline by 4.4% in the first quarter. Ngam Advisors L.P. now owns 18,595 shares of the basic materials company’s stock valued at $457,000 after buying an additional 776 shares during the period. Symphony Asset Management LLC raised its position in shares of Valvoline by 12.5% in the first quarter. Symphony Asset Management LLC now owns 34,052 shares of the basic materials company’s stock valued at $836,000 after buying an additional 3,780 shares during the period. Pacer Advisors Inc. raised its position in shares of Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after buying an additional 4,808 shares during the period. Finally, Legal & General Group Plc raised its position in shares of 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 valued at $201,000 after buying an additional 7,578 shares during the period. 28.34% of the stock is owned by institutional investors.
Shares of Valvoline Inc. (VVV) traded up 0.067% during trading on Monday, reaching $22.335. 157,256 shares of the company were exchanged. The stock’s 50-day moving average is $23.25 and its 200-day moving average is $23.10. Valvoline Inc. has a 52-week low of $18.30 and a 52-week high of $24.98. The firm has a market cap of $4.56 billion and a price-to-earnings ratio of 19.558.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $534 million during the quarter, compared to analyst estimates of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts predict that Valvoline Inc. will post $1.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, August 30th. Valvoline’s payout ratio is 15.50%.
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Several brokerages have recently issued reports on VVV. Zacks Investment Research lowered shares of Valvoline from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, June 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $23.00 target price (up from $22.00) on shares of Valvoline in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.18.
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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