Valvoline Inc (NYSE:VVV) – Analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Valvoline in a research note issued to investors on Thursday. SunTrust Banks analyst S. Benjamin forecasts that the basic materials company will earn $0.33 per share for the quarter. SunTrust Banks has a “Hold” rating and a $25.00 price objective on the stock. SunTrust Banks also issued estimates for Valvoline’s Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.47 EPS.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Morgan Stanley boosted their target price on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Wednesday, November 22nd. Longbow Research upped their price target on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.71.
Valvoline (NYSE:VVV) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The company had revenue of $545.00 million for the quarter, compared to analysts’ expectations of $530.10 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, February 28th. Valvoline’s dividend payout ratio is currently 27.52%.
In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the sale, the senior vice president now owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares in the company, valued at approximately $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Valvoline by 2.8% in the 4th quarter. BlackRock Inc. now owns 16,767,632 shares of the basic materials company’s stock valued at $420,196,000 after buying an additional 456,376 shares in the last quarter. Boston Partners lifted its stake in Valvoline by 1.5% in the 3rd quarter. Boston Partners now owns 9,347,906 shares of the basic materials company’s stock valued at $219,209,000 after buying an additional 133,924 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Valvoline by 17.2% in the 3rd quarter. Janus Henderson Group PLC now owns 5,875,735 shares of the basic materials company’s stock valued at $137,784,000 after buying an additional 860,388 shares in the last quarter. State Street Corp lifted its stake in Valvoline by 1,123.5% in the 2nd quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock valued at $124,750,000 after buying an additional 4,829,291 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Valvoline by 44.8% in the 4th quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock valued at $111,755,000 after buying an additional 1,379,119 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
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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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