Aigen Investment Management LP boosted its holdings in shares of Valvoline Inc (NYSE:VVV) by 43.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,855 shares of the basic materials company’s stock after buying an additional 13,333 shares during the quarter. Aigen Investment Management LP’s holdings in Valvoline were worth $574,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in VVV. FMR LLC lifted its holdings in Valvoline by 2,577.9% during the 1st quarter. FMR LLC now owns 101,652 shares of the basic materials company’s stock worth $1,886,000 after buying an additional 97,856 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Valvoline by 1,520.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 155,613 shares of the basic materials company’s stock valued at $2,888,000 after purchasing an additional 146,008 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Valvoline in the 4th quarter valued at approximately $197,000. State of Michigan Retirement System increased its position in shares of Valvoline by 1.5% in the 4th quarter. State of Michigan Retirement System now owns 55,428 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 800 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Valvoline by 4.7% in the 4th quarter. New York State Teachers Retirement System now owns 275,531 shares of the basic materials company’s stock valued at $5,899,000 after purchasing an additional 12,300 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.
NYSE VVV opened at $18.19 on Friday. The firm’s fifty day moving average price is $15.24 and its 200 day moving average price is $19.20. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 5.61 and a beta of 1.49. Valvoline Inc has a 12 month low of $9.06 and a 12 month high of $23.90.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The firm had revenue of $578.00 million for the quarter, compared to the consensus estimate of $577.85 million. Valvoline had a net margin of 9.39% and a negative return on equity of 120.89%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, equities analysts expect that Valvoline Inc will post 1.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 28th. Valvoline’s payout ratio is currently 32.37%.
A number of brokerages have commented on VVV. JPMorgan Chase & Co. raised shares of Valvoline from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $21.00 in a research report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of Valvoline from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Jefferies Financial Group downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Monday, March 23rd. ValuEngine downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Goldman Sachs Group raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Valvoline has an average rating of “Hold” and a consensus target price of $20.71.
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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