Quadrant Capital Group LLC raised its stake in shares of Valvoline Inc (NYSE:VVV) by 958.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,524 shares of the basic materials company’s stock after acquiring an additional 1,380 shares during the quarter. Quadrant Capital Group LLC’s holdings in Valvoline were worth $26,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Valvoline by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock valued at $124,196,000 after buying an additional 684,854 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Valvoline during the 4th quarter valued at approximately $166,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in shares of Valvoline during the 4th quarter valued at approximately $341,000. Meeder Asset Management Inc. purchased a new position in shares of Valvoline during the 4th quarter valued at approximately $51,000. Finally, Bank of Montreal Can lifted its position in shares of Valvoline by 7.7% during the 4th quarter. Bank of Montreal Can now owns 19,747 shares of the basic materials company’s stock valued at $382,000 after buying an additional 1,414 shares in the last quarter. Institutional investors own 99.91% of the company’s stock.
Shares of VVV stock opened at $17.90 on Wednesday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.52 and a beta of 0.94. Valvoline Inc has a fifty-two week low of $16.90 and a fifty-two week high of $23.16.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.106 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.37%. Valvoline’s payout ratio is currently 32.56%.
A number of research analysts have recently issued reports on VVV shares. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Buckingham Research started coverage on Valvoline in a research report on Friday, March 15th. They set a “neutral” rating and a $20.00 target price on the stock. Monness Crespi & Hardt reiterated a “buy” rating and set a $24.00 target price (down previously from $26.00) on shares of Valvoline in a research report on Friday, May 3rd. Finally, Morgan Stanley set a $19.00 target price on Valvoline and gave the company a “hold” rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and a consensus target price of $22.13.
In other news, CFO Mary E. Meixelsperger acquired 7,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $18.71 per share, for a total transaction of $140,325.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.
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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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