Shares of Valvoline Inc (NYSE:VVV) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.71.
A number of brokerages have commented on VVV. Monness Crespi & Hardt reiterated a “buy” rating and issued a $24.00 price target (down previously from $26.00) on shares of Valvoline in a research note on Friday, May 3rd. Morgan Stanley set a $19.00 price target on shares of Valvoline and gave the company a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, Buckingham Research began coverage on shares of Valvoline in a research note on Friday, March 15th. They issued a “neutral” rating and a $20.00 price target on the stock.
Shares of VVV traded up $0.02 during mid-day trading on Thursday, reaching $17.86. 31,792 shares of the company’s stock traded hands, compared to its average volume of 1,425,069. The stock has a market cap of $3.36 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. Valvoline has a 12 month low of $16.90 and a 12 month high of $23.16.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm had revenue of $591.00 million for the quarter, compared to analyst estimates of $596.71 million. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, equities analysts forecast that Valvoline will post 1.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.106 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.42 annualized dividend and a yield of 2.37%. Valvoline’s dividend payout ratio is presently 32.56%.
In other news, CFO Mary E. Meixelsperger purchased 7,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $18.71 per share, for a total transaction of $140,325.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Valvoline by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock valued at $124,196,000 after purchasing an additional 684,854 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Valvoline during the fourth quarter valued at approximately $166,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in shares of Valvoline during the fourth quarter valued at approximately $341,000. Meeder Asset Management Inc. purchased a new stake in shares of Valvoline during the fourth quarter valued at approximately $51,000. Finally, Bank of Montreal Can boosted its stake in shares of Valvoline by 7.7% during the fourth quarter. Bank of Montreal Can now owns 19,747 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 1,414 shares during the period. Institutional investors own 99.96% of the company’s stock.
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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