Valvoline (NYSE:VVV)‘s stock had its “buy” rating reaffirmed by Zacks Investment Research in a report issued on Saturday. They presently have a $27.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price points to a potential upside of 16.48% from the stock’s current price.
According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
VVV has been the subject of several other research reports. Morgan Stanley upped their target price on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, November 22nd. Longbow Research upped their target price on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. Finally, ValuEngine downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Valvoline presently has a consensus rating of “Hold” and a consensus target price of $25.71.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The business had revenue of $545.00 million during the quarter, compared to the consensus estimate of $530.10 million. During the same period in the previous year, the firm posted $0.35 earnings per share. Valvoline’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts anticipate that Valvoline will post 1.3 earnings per share for the current fiscal year.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Valvoline by 2.8% during the fourth quarter. BlackRock Inc. now owns 16,767,632 shares of the basic materials company’s stock worth $420,196,000 after acquiring an additional 456,376 shares in the last quarter. Boston Partners increased its position in shares of Valvoline by 1.5% during the third quarter. Boston Partners now owns 9,347,906 shares of the basic materials company’s stock worth $219,209,000 after acquiring an additional 133,924 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Valvoline by 17.2% during the third quarter. Janus Henderson Group PLC now owns 5,875,735 shares of the basic materials company’s stock worth $137,784,000 after acquiring an additional 860,388 shares in the last quarter. State Street Corp increased its position in shares of Valvoline by 1,123.5% during the second quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock worth $124,750,000 after acquiring an additional 4,829,291 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Valvoline by 44.8% during the fourth quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock worth $111,755,000 after acquiring an additional 1,379,119 shares in the last quarter. 92.79% of the stock is owned by institutional investors.
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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