Russell Investments Group Ltd. lessened its holdings in Valvoline Inc (NYSE:VVV) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 896,657 shares of the basic materials company’s stock after selling 108,957 shares during the quarter. Russell Investments Group Ltd. owned 0.48% of Valvoline worth $19,741,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Old North State Trust LLC bought a new stake in Valvoline in the 3rd quarter worth $30,000. Doyle Wealth Management bought a new stake in Valvoline in the 2nd quarter worth $34,000. Parkside Financial Bank & Trust grew its holdings in Valvoline by 50.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,127 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 1,045 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Valvoline by 83.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Valvoline in the 2nd quarter worth $113,000. Institutional investors own 94.05% of the company’s stock.
VVV has been the topic of a number of recent analyst reports. TheStreet raised shares of Valvoline from a “d+” rating to a “c+” rating in a report on Monday, September 23rd. ValuEngine lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup raised their price target on shares of Valvoline from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and an average price target of $23.20.
Shares of VVV traded up $0.23 during trading hours on Friday, reaching $23.19. 1,020,102 shares of the company traded hands, compared to its average volume of 1,174,351. The company’s fifty day moving average price is $21.81 and its two-hundred day moving average price is $20.46. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Valvoline Inc has a 12 month low of $16.90 and a 12 month high of $23.90.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The firm had revenue of $629.00 million for the quarter, compared to analyst estimates of $627.04 million. Valvoline had a net margin of 9.60% and a negative return on equity of 80.89%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts anticipate that Valvoline Inc will post 1.45 earnings per share for the current fiscal year.
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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