Profund Advisors LLC Purchases New Position in Valvoline Inc. (VVV)
Profund Advisors LLC purchased a new stake in Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,711 shares of the basic materials company’s stock, valued at approximately $468,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Valvoline by 1,119.3% during the 2nd quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after purchasing an additional 15,528,107 shares during the last quarter. Boston Partners increased its position in Valvoline by 344.0% during the 2nd quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock worth $218,556,000 after purchasing an additional 7,138,800 shares in the last quarter. Evercore Trust Company N.A. acquired a new position in Valvoline during the 2nd quarter worth approximately $136,610,000. TIAA CREF Investment Management LLC increased its position in Valvoline by 4,232.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,969,755 shares of the basic materials company’s stock worth $94,163,000 after purchasing an additional 3,878,130 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Valvoline by 512.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,833,268 shares of the basic materials company’s stock worth $90,925,000 after purchasing an additional 3,207,198 shares in the last quarter. Institutional investors own 92.34% of the company’s stock.
Valvoline Inc. (NYSE:VVV) opened at 23.45 on Monday. The firm has a market cap of $4.75 billion and a P/E ratio of 20.53. Valvoline Inc. has a 1-year low of $18.30 and a 1-year high of $24.98. The stock has a 50 day moving average price of $22.55 and a 200 day moving average price of $22.55.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The firm had revenue of $534.00 million for the quarter, compared to the consensus estimate of $530.57 million. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Valvoline Inc. will post $1.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.049 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.
Several brokerages recently commented on VVV. Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of Valvoline from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, June 7th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $22.00 target price (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.55.
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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