Monetary Management Group Inc. Purchases Shares of 41,659 Valvoline Inc. (VVV)
Monetary Management Group Inc. purchased a new stake in Valvoline Inc. (NYSE:VVV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,659 shares of the basic materials company’s stock, valued at approximately $988,000.
A number of other large investors also recently made changes to their positions in VVV. BlackRock Inc. lifted its holdings in Valvoline by 1,119.3% in the second quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after acquiring an additional 15,528,107 shares during the period. Vanguard Group Inc. lifted its holdings in Valvoline by 362.7% in the second quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after acquiring an additional 13,761,975 shares during the period. Boston Partners lifted its holdings in Valvoline by 344.0% in the second quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock valued at $218,556,000 after acquiring an additional 7,138,800 shares during the period. Evercore Trust Company N.A. acquired a new position in Valvoline in the second quarter valued at approximately $136,610,000. Finally, Janus Henderson Group PLC acquired a new position in Valvoline in the second quarter valued at approximately $118,964,000. 92.34% of the stock is owned by institutional investors.
Shares of Valvoline Inc. (VVV) traded up 0.79% on Thursday, hitting $24.09. The stock had a trading volume of 316,144 shares. The firm’s 50-day moving average is $23.02 and its 200-day moving average is $23.02. The company has a market cap of $4.88 billion and a price-to-earnings ratio of 21.09. Valvoline Inc. has a one year low of $18.30 and a one year high of $24.98.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $534.00 million during the quarter, compared to analyst estimates of $530.57 million. Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. Valvoline’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts expect that Valvoline Inc. will post $1.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.049 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. Valvoline’s dividend payout ratio is currently 15.50%.
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A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $22.00 price target (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Finally, Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.40.
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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