Valvoline Inc. (VVV) Stake Cut by Tdam USA Inc.
Tdam USA Inc. decreased its stake in Valvoline Inc. (NYSE:VVV) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.
Other large investors have also recently bought and sold shares of the company. Ngam Advisors L.P. boosted its stake in 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 in the last quarter. Symphony Asset Management LLC boosted its stake in 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 in the last quarter. Pacer Advisors Inc. boosted its stake in 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 in the last quarter. City Holding Co. purchased a new stake in Valvoline during the second quarter valued at $128,000. Finally, Legal & General Group Plc boosted its stake 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 valued at $201,000 after buying an additional 7,578 shares in the last quarter. 28.34% of the stock is owned by institutional investors and hedge funds.
Valvoline Inc. (VVV) opened at 22.31 on Tuesday. The stock has a 50 day moving average of $23.25 and a 200-day moving average of $23.10. The company has a market cap of $4.55 billion and a PE ratio of 19.54. Valvoline Inc. has a 12-month low of $18.30 and a 12-month high of $24.98.
Valvoline (NYSE:VVV) last issued its quarterly earnings data 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 negative return on equity of 106.06% and a net margin of 13.00%. The business had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. Valvoline’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Valvoline Inc. will post $1.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 30th. Valvoline’s payout ratio is 15.50%.
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Several research firms recently weighed in on VVV. Zacks Investment Research cut shares of Valvoline from a “buy” rating to a “hold” rating in a research 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 objective for the company in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock 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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