Gabelli Funds LLC Lowers Position in Valvoline Inc (VVV)
Gabelli Funds LLC lessened its stake in Valvoline Inc (NYSE:VVV) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 748,015 shares of the basic materials company’s stock after selling 48,057 shares during the quarter. Gabelli Funds LLC’s holdings in Valvoline were worth $18,745,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in shares of Valvoline by 600.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 5,486 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Valvoline in the 2nd quarter worth approximately $183,000. First Allied Advisory Services Inc. bought a new stake in shares of Valvoline in the 2nd quarter worth approximately $201,000. Leavell Investment Management Inc. bought a new stake in shares of Valvoline in the 4th quarter worth approximately $206,000. Finally, HighTower Advisors LLC bought a new stake in shares of Valvoline in the 2nd quarter worth approximately $218,000. 92.79% of the stock is currently owned by institutional investors.
VVV has been the topic of a number of research reports. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Thursday, January 25th. Longbow Research lifted their price target on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Morgan Stanley lifted their price target 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. SunTrust Banks reiterated a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.71.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The business had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. equities analysts predict that Valvoline Inc will post 1.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.0745 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. Valvoline’s dividend payout ratio is 20.13%.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the transaction, the insider now owns 6,192 shares of the company’s stock, valued at $150,651.36. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.
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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