Valvoline Inc (VVV) Shares Sold by South Street Advisors LLC
South Street Advisors LLC lowered its holdings in shares of Valvoline Inc (NYSE:VVV) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,444 shares of the basic materials company’s stock after selling 6,299 shares during the quarter. Valvoline makes up 3.2% of South Street Advisors LLC’s portfolio, making the stock its 14th biggest holding. South Street Advisors LLC owned approximately 0.21% of Valvoline worth $10,536,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VVV. Chicago Partners Investment Group LLC grew its position in shares of Valvoline by 600.2% during the third 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 in the last quarter. Leavell Investment Management Inc. bought a new position in Valvoline during the fourth quarter valued at approximately $206,000. Good Life Advisors LLC bought a new position in Valvoline during the fourth quarter valued at approximately $241,000. Dean Capital Investments Management LLC bought a new position in Valvoline during the fourth quarter valued at approximately $254,000. Finally, Zions Bancorporation boosted its stake in Valvoline by 70.4% during the third quarter. Zions Bancorporation now owns 11,907 shares of the basic materials company’s stock valued at $279,000 after buying an additional 4,918 shares during the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.
A number of brokerages recently commented on VVV. Wolfe Research began coverage on Valvoline in a research note on Wednesday, March 7th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lowered Valvoline from a “neutral” rating to an “underweight” rating and set a $23.00 price target for the company. in a research note on Friday. Zacks Investment Research lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Longbow Research increased their price target on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.86.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $545.00 million during the quarter, compared to analyst estimates of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. analysts expect that Valvoline Inc will post 1.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.0745 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, February 28th. Valvoline’s payout ratio is 27.52%.
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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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