Voya Investment Management LLC lifted its position in shares of Valvoline Inc (NYSE:VVV) by 8.9% in the 3rd quarter, Holdings Channel reports. The fund owned 36,409 shares of the basic materials company’s stock after buying an additional 2,984 shares during the period. Voya Investment Management LLC’s holdings in Valvoline were worth $802,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. grew its position in shares of Valvoline by 512.9% during the second quarter. Capital Fund Management S.A. now owns 90,100 shares of the basic materials company’s stock worth $1,760,000 after acquiring an additional 75,400 shares during the last quarter. Swiss National Bank grew its position in shares of Valvoline by 2.1% during the second quarter. Swiss National Bank now owns 350,165 shares of the basic materials company’s stock worth $6,839,000 after acquiring an additional 7,200 shares during the last quarter. GAM Holding AG grew its position in shares of Valvoline by 16.9% during the second quarter. GAM Holding AG now owns 61,504 shares of the basic materials company’s stock worth $1,201,000 after acquiring an additional 8,879 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Valvoline during the second quarter worth about $1,462,000. Finally, SG Americas Securities LLC grew its position in shares of Valvoline by 139.9% during the third quarter. SG Americas Securities LLC now owns 167,768 shares of the basic materials company’s stock worth $3,696,000 after acquiring an additional 97,825 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.
Several equities analysts have recently commented on VVV shares. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. TheStreet upgraded shares of Valvoline from a “d+” rating to a “c+” rating in a research report on Monday, September 23rd. Finally, ValuEngine upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $23.20.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.07. The firm had revenue of $629.00 million during the quarter, compared to analyst estimates of $627.04 million. Valvoline had a net margin of 8.70% and a negative return on equity of 91.40%. Valvoline’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, research analysts anticipate that Valvoline Inc will post 1.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.113 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Valvoline’s previous quarterly dividend of $0.11. Valvoline’s dividend payout ratio is currently 32.37%.
In related news, SVP Craig A. Moughler sold 1,641 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $22.91, for a total value of $37,595.31. Following the completion of the transaction, the senior vice president now owns 25,957 shares in the company, valued at approximately $594,674.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,854 shares of company stock valued at $65,730 in the last quarter. 0.49% of the stock is currently owned by insiders.
Valvoline Company Profile
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.
Featured Story: Stochastic Momentum Index (SMI)
Want to see what other hedge funds are holding VVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valvoline Inc (NYSE:VVV).
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.