Sciencast Management LP Cuts Stake in Valvoline Inc (NYSE:VVV)

Sciencast Management LP cut its stake in Valvoline Inc (NYSE:VVV) by 17.1% during the 2nd quarter, Holdings reports. The fund owned 25,156 shares of the basic materials company’s stock after selling 5,202 shares during the period. Sciencast Management LP’s holdings in Valvoline were worth $509,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Valvoline by 88.5% during the first quarter. Signaturefd LLC now owns 1,900 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 892 shares during the period. CWM Advisors LLC acquired a new stake in shares of Valvoline during the 1st quarter worth $30,000. Allworth Financial LP increased its holdings in shares of Valvoline by 44.9% during the 2nd quarter. Allworth Financial LP now owns 1,559 shares of the basic materials company’s stock worth $30,000 after buying an additional 483 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Valvoline by 459.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,860 shares of the basic materials company’s stock worth $37,000 after buying an additional 2,349 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in Valvoline in the first quarter valued at $107,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

A number of research firms have recently commented on VVV. Zacks Investment Research restated a “hold” rating on shares of Valvoline in a report on Saturday, May 30th. Morgan Stanley increased their target price on shares of Valvoline from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, SunTrust Banks raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.33.

Shares of NYSE VVV opened at $20.52 on Friday. Valvoline Inc has a 1-year low of $9.06 and a 1-year high of $23.90. The business has a 50-day moving average of $19.89 and a 200-day moving average of $18.33. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 4.77 and a beta of 1.50.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Valvoline had a negative return on equity of 120.89% and a net margin of 9.39%. The firm had revenue of $578.00 million for the quarter, compared to analyst estimates of $577.85 million. During the same period in the previous year, the company posted $0.35 EPS. Valvoline’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts expect that Valvoline Inc will post 1.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.113 per share. The ex-dividend date is Friday, August 28th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.20%. Valvoline’s payout ratio is currently 32.37%.

Valvoline 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.

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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