Valvoline Inc (NYSE:VVV) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.71.
Several research firms have recently issued reports on VVV. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Buckingham Research began coverage on shares of Valvoline in a report on Friday, March 15th. They set a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley set a $19.00 price objective on shares of Valvoline and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $24.00 price objective (down previously from $26.00) on shares of Valvoline in a report on Friday, May 3rd.
NYSE:VVV traded up $0.29 during mid-day trading on Thursday, reaching $17.99. The company’s stock had a trading volume of 17,885 shares, compared to its average volume of 1,403,214. Valvoline has a 1 year low of $16.90 and a 1 year high of $23.16. The firm has a market cap of $3.36 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $596.71 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Valvoline will post 1.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.106 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.36%. Valvoline’s payout ratio is 32.56%.
In other news, CFO Mary E. Meixelsperger acquired 7,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $18.71 per share, for a total transaction of $140,325.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in shares of Valvoline by 958.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,380 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Valvoline in the 4th quarter worth $33,000. Claybrook Capital LLC acquired a new stake in shares of Valvoline during the 4th quarter worth about $36,000. AdvisorNet Financial Inc increased its position in shares of Valvoline by 48,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Valvoline during the 4th quarter worth about $51,000. Institutional investors own 99.96% of the company’s stock.
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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