State Treasurer State of Michigan decreased its holdings in shares of Valvoline Inc. (NYSE:VVV) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,228 shares of the basic materials company’s stock after selling 8,100 shares during the quarter. State Treasurer State of Michigan’s holdings in Valvoline were worth $1,788,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Symphony Asset Management LLC lifted its stake in Valvoline by 22.8% in the second quarter. Symphony Asset Management LLC now owns 41,807 shares of the basic materials company’s stock valued at $991,000 after buying an additional 7,755 shares in the last quarter. California State Teachers Retirement System lifted its stake in Valvoline by 435.8% in the second quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock valued at $8,985,000 after buying an additional 308,115 shares in the last quarter. Royal Bank of Canada lifted its stake in Valvoline by 4.7% in the second quarter. Royal Bank of Canada now owns 1,279,683 shares of the basic materials company’s stock valued at $30,354,000 after buying an additional 57,809 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Valvoline by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 132,166 shares of the basic materials company’s stock valued at $3,245,000 after buying an additional 13,938 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Valvoline in the second quarter worth $3,008,000. Institutional investors own 92.77% of the company’s stock.
VVV has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a report on Friday. Morgan Stanley upped their price objective on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday. Finally, J P Morgan Chase & Co reiterated 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.38.
Valvoline Inc. (VVV) opened at $23.08 on Tuesday. The company has a market cap of $4,668.48, a PE ratio of 16.58, a PEG ratio of 2.59 and a beta of 1.62. Valvoline Inc. has a fifty-two week low of $18.72 and a fifty-two week high of $24.98. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $547.00 million during the quarter, compared to the consensus estimate of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. equities research analysts forecast that Valvoline Inc. will post 1.24 EPS for the current fiscal year.
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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