Winmill & CO. Inc. purchased a new stake in Valvoline Inc (NYSE:VVV) during the third quarter, Holdings Channel reports. The firm purchased 128,000 shares of the basic materials company’s stock, valued at approximately $2,820,000.
A number of other large investors also recently made changes to their positions in VVV. Meridian Wealth Management LLC acquired a new position in Valvoline in the first quarter worth $25,000. Old North State Trust LLC acquired a new position in Valvoline in the third quarter worth $30,000. Doyle Wealth Management acquired a new position in Valvoline in the second quarter worth $34,000. Parkside Financial Bank & Trust boosted its stake in Valvoline by 50.2% in the second quarter. Parkside Financial Bank & Trust now owns 3,127 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 1,045 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Valvoline by 83.2% in the second quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Valvoline stock traded up $0.28 on Tuesday, reaching $21.86. The company’s stock had a trading volume of 547,661 shares, compared to its average volume of 842,499. Valvoline Inc has a twelve month low of $16.90 and a twelve month high of $23.16. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.61 and a beta of 0.90. The business’s fifty day moving average price is $22.04 and its 200 day moving average price is $20.07.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Valvoline had a negative return on equity of 80.89% and a net margin of 9.60%. The business had revenue of $613.00 million for the quarter, compared to analyst estimates of $610.42 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Valvoline Inc will post 1.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.106 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, August 29th. Valvoline’s dividend payout ratio (DPR) is presently 32.56%.
A number of research firms have commented on VVV. TheStreet raised Valvoline from a “d+” rating to a “c+” rating in a research note on Monday, September 23rd. Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a research note on Saturday. Citigroup boosted their price objective on Valvoline from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Buckingham Research raised Valvoline from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $24.00 in a research note on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.67.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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