Valvoline Inc. (VVV) Shares Bought by Sapience Investments LLC
Sapience Investments LLC boosted its stake in shares of Valvoline Inc. (NYSE:VVV) by 170.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,410 shares of the basic materials company’s stock after buying an additional 29,260 shares during the period. Sapience Investments LLC’s holdings in Valvoline were worth $1,101,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB acquired a new stake in Valvoline during the 2nd quarter worth approximately $1,982,000. South Street Advisors LLC raised its holdings in Valvoline by 110.1% during the 2nd quarter. South Street Advisors LLC now owns 432,866 shares of the basic materials company’s stock worth $10,267,000 after buying an additional 226,846 shares during the period. Suntrust Banks Inc. raised its holdings in Valvoline by 409.8% during the 2nd quarter. Suntrust Banks Inc. now owns 59,433 shares of the basic materials company’s stock worth $1,409,000 after buying an additional 47,774 shares during the period. Quantbot Technologies LP acquired a new stake in Valvoline during the 2nd quarter worth approximately $317,000. Finally, M&T Bank Corp raised its holdings in Valvoline by 55.5% during the 2nd quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock worth $306,000 after buying an additional 4,602 shares during the period. Hedge funds and other institutional investors own 92.34% of the company’s stock.
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Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Valvoline from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, June 28th. Deutsche Bank AG restated a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a $22.00 target price (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Finally, Seaport Global Securities upgraded shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.55.
Valvoline Inc. (NYSE VVV) traded up 1.27% during mid-day trading on Friday, hitting $23.20. 1,207,545 shares of the stock were exchanged. The company has a market capitalization of $4.70 billion and a PE ratio of 20.32. The stock has a 50 day moving average price of $22.55 and a 200 day moving average price of $22.55. Valvoline Inc. has a 1-year low of $18.30 and a 1-year high of $24.98.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $534.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, equities analysts anticipate that Valvoline Inc. will post $1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Valvoline’s payout ratio is 15.50%.
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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