Valvoline Inc (NYSE:VVV) insider Anthony R. Puckett sold 6,132 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total transaction of $133,187.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE VVV traded down $0.24 during trading on Wednesday, reaching $21.68. 1,330,300 shares of the company’s stock traded hands, compared to its average volume of 1,576,099. The company has a debt-to-equity ratio of -5.23, a quick ratio of 1.45 and a current ratio of 1.92. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. Valvoline Inc has a 12-month low of $19.86 and a 12-month high of $25.63.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, May 2nd. The basic materials company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $569.00 million for the quarter, compared to the consensus estimate of $571.92 million. Valvoline had a net margin of 9.93% and a negative return on equity of 142.70%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. equities analysts expect that Valvoline Inc will post 1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, May 31st. Valvoline’s dividend payout ratio (DPR) is 21.58%.
A number of hedge funds and other institutional investors have recently bought and sold shares of VVV. BlackRock Inc. boosted its holdings in shares of Valvoline by 0.6% in the 1st quarter. BlackRock Inc. now owns 16,864,975 shares of the basic materials company’s stock valued at $373,222,000 after buying an additional 97,343 shares in the last quarter. FIL Ltd boosted its holdings in shares of Valvoline by 682.9% in the 1st quarter. FIL Ltd now owns 5,809,587 shares of the basic materials company’s stock valued at $128,566,000 after buying an additional 5,067,503 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Valvoline by 7.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,202,517 shares of the basic materials company’s stock valued at $93,001,000 after buying an additional 287,612 shares in the last quarter. Newport Trust Co boosted its holdings in shares of Valvoline by 14.0% in the 1st quarter. Newport Trust Co now owns 3,840,497 shares of the basic materials company’s stock valued at $84,990,000 after buying an additional 470,413 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Valvoline by 151.9% in the 1st quarter. American Century Companies Inc. now owns 3,463,158 shares of the basic materials company’s stock valued at $76,640,000 after buying an additional 2,088,079 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on VVV shares. Longbow Research downgraded shares of Valvoline from a “buy” rating to a “neutral” rating in a research note on Thursday, April 19th. ValuEngine downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Monday, June 11th. JPMorgan Chase & Co. raised shares of Valvoline from an “underweight” rating to a “neutral” rating and set a $22.00 target price on the stock in a research report on Friday, May 4th. Finally, Morgan Stanley cut their target price on shares of Valvoline from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.83.
Valvoline Company Profile
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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