Schroder Investment Management Group Has $72.67 Million Stake in Valvoline Inc. (VVV)
Schroder Investment Management Group grew its position in Valvoline Inc. (NYSE:VVV) by 67.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,080,417 shares of the basic materials company’s stock after buying an additional 1,237,973 shares during the period. Schroder Investment Management Group owned 1.52% of Valvoline worth $72,668,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Symphony Asset Management LLC lifted its holdings in shares of Valvoline by 22.8% in the 2nd quarter. Symphony Asset Management LLC now owns 41,807 shares of the basic materials company’s stock worth $991,000 after acquiring an additional 7,755 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Valvoline by 435.8% during the 2nd quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock worth $8,985,000 after buying an additional 308,115 shares in the last quarter. Royal Bank of Canada lifted its holdings in Valvoline by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 1,279,683 shares of the basic materials company’s stock worth $30,354,000 after buying an additional 57,809 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Valvoline during the 2nd quarter worth approximately $3,008,000. Finally, JPMorgan Chase & Co. lifted its holdings in Valvoline by 23.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,176,653 shares of the basic materials company’s stock worth $75,351,000 after buying an additional 600,060 shares in the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.
In related news, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the transaction, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.07% of the company’s stock.
Shares of Valvoline Inc. (NYSE VVV) traded up $0.33 on Wednesday, hitting $24.16. 1,068,200 shares of the stock were exchanged, compared to its average volume of 1,348,453. Valvoline Inc. has a fifty-two week low of $19.57 and a fifty-two week high of $25.07. The firm has a market cap of $4,884.97, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. equities research analysts expect that Valvoline Inc. will post 1.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, November 30th. Valvoline’s dividend payout ratio (DPR) is 13.42%.
VVV has been the topic of a number of research reports. SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. 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 Saturday, October 21st. Seaport Global Securities lowered shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Wednesday, November 22nd. Morgan Stanley increased their target price on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Valvoline presently has a consensus rating of “Hold” and a consensus price target of $25.38.
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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