Shares of Valvoline Inc (NYSE:VVV) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.29.
Several equities analysts have recently weighed in on the stock. Buckingham Research set a $77.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Monday, July 1st. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Morgan Stanley raised their price target on shares of Zynga and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $97.00 price target (up from $95.00) on shares of Fortinet in a research report on Friday, May 3rd.
In other news, CFO Mary E. Meixelsperger acquired 7,500 shares of Valvoline stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $18.71 per share, for a total transaction of $140,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Meridian Wealth Management LLC acquired a new stake in Valvoline during the first quarter worth about $25,000. Quadrant Capital Group LLC boosted its stake in shares of Valvoline by 958.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,380 shares in the last quarter. Claybrook Capital LLC acquired a new stake in shares of Valvoline in the 4th quarter valued at approximately $36,000. Hilton Capital Management LLC acquired a new stake in shares of Valvoline in the 1st quarter valued at approximately $56,000. Finally, Advisor Group Inc. boosted its stake in shares of Valvoline by 19.5% in the 4th quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.
Shares of VVV traded down $0.03 during trading hours on Friday, hitting $19.94. The company had a trading volume of 20,131 shares, compared to its average volume of 915,806. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The stock has a fifty day moving average price of $18.95. Valvoline has a 12 month low of $16.90 and a 12 month high of $23.16.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company 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 company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities research analysts forecast that Valvoline will post 1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.106 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, May 30th. Valvoline’s dividend payout ratio is 32.56%.
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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