HL Financial Services LLC Takes Position in Valvoline Inc. (NYSE:VVV)
HL Financial Services LLC bought a new stake in shares of Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,641 shares of the basic materials company’s stock, valued at approximately $656,000.
Other institutional investors also recently bought and sold shares of the company. State Street Corp bought a new position in Valvoline during the fourth quarter valued at about $6,508,000. Norges Bank bought a new position in Valvoline during the fourth quarter valued at about $17,200,000. UBS Asset Management Americas Inc. bought a new position in Valvoline during the fourth quarter valued at about $1,179,000. Teachers Advisors LLC bought a new position in Valvoline during the fourth quarter valued at about $737,000. Finally, Acadian Asset Management LLC raised its position in Valvoline by 53.5% in the first quarter. Acadian Asset Management LLC now owns 114,450 shares of the basic materials company’s stock valued at $2,811,000 after buying an additional 39,902 shares during the period. Institutional investors own 28.34% of the company’s stock.
Shares of Valvoline Inc. (VVV) opened at 22.13 on Friday. The stock’s 50 day moving average price is $22.95 and its 200-day moving average price is $23.09. The stock has a market cap of $4.48 billion and a price-to-earnings ratio of 19.38. Valvoline Inc. has a 52 week low of $18.30 and a 52 week high of $24.98.
Valvoline (NYSE:VVV) last released its quarterly earnings data 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. 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 analysts’ expectations of $530.57 million. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that Valvoline Inc. will post $1.37 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 $0.049 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. Valvoline’s payout ratio is currently 15.50%.
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Several equities analysts have issued reports on VVV shares. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Friday, April 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Valvoline in a research note on Saturday, June 3rd. Finally, Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.83.
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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