Apertura Capital LLC Buys Shares of 100,000 Valvoline Inc. (VVV)
Apertura Capital LLC bought a new stake in Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the basic materials company’s stock, valued at approximately $2,372,000. Valvoline makes up about 0.6% of Apertura Capital LLC’s holdings, making the stock its 23rd largest position.
Other large investors have also added to or reduced their stakes in the company. Airain ltd acquired a new stake in Valvoline during the second quarter valued at approximately $1,849,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Valvoline by 133.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 14,738 shares of the basic materials company’s stock worth $350,000 after buying an additional 8,412 shares during the period. Boys Arnold & Co. Inc. purchased a new stake in shares of Valvoline during the second quarter worth approximately $1,120,000. Prudential Financial Inc. purchased a new stake in shares of Valvoline during the second quarter worth approximately $3,008,000. Finally, Mastrapasqua Asset Management Inc. purchased a new stake in shares of Valvoline during the second quarter worth approximately $612,000. 41.01% of the stock is owned by institutional investors and hedge funds.
Valvoline Inc. (NYSE VVV) traded up 0.61% on Friday, reaching $21.38. The company’s stock had a trading volume of 961,314 shares. The firm has a 50-day moving average of $22.43 and a 200-day moving average of $23.00. Valvoline Inc. has a one year low of $18.30 and a one year high of $24.98. The company has a market capitalization of $4.33 billion and a PE ratio of 18.72.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Valvoline Inc. will post $1.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.
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Several research analysts recently issued reports on VVV shares. Zacks Investment Research cut Valvoline from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. J P Morgan Chase & Co restated a “neutral” rating and issued a $22.00 target price (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price target (up from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.83.
Valvoline Company Profile
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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