Savior LLC bought a new stake in shares of Valvoline Inc (NYSE:VVV) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,243 shares of the basic materials company’s stock, valued at approximately $48,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Old North State Trust LLC purchased a new position in Valvoline in the third quarter valued at about $30,000. Doyle Wealth Management acquired a new position in Valvoline during the 2nd quarter worth approximately $34,000. NEXT Financial Group Inc acquired a new position in Valvoline during the 3rd quarter worth approximately $151,000. Capital Investment Advisors LLC acquired a new position in Valvoline during the 3rd quarter worth approximately $213,000. Finally, Financial Architects Inc purchased a new position in Valvoline in the 3rd quarter worth approximately $251,000. Institutional investors own 91.93% of the company’s stock.
A number of research firms have recently issued reports on VVV. ValuEngine upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Valvoline presently has an average rating of “Hold” and a consensus target price of $23.20.
NYSE:VVV opened at $21.14 on Thursday. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88. Valvoline Inc has a one year low of $16.90 and a one year high of $23.90. The business’s 50-day simple moving average is $21.48 and its 200 day simple moving average is $21.74.
Valvoline (NYSE:VVV) last issued its quarterly earnings data 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. Valvoline had a negative return on equity of 91.40% and a net margin of 8.70%. The firm had revenue of $629.00 million during the quarter, compared to analyst estimates of $627.04 million. During the same quarter last year, the firm earned $0.34 EPS. Valvoline’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Valvoline Inc will post 1.43 EPS for the current fiscal year.
In related news, SVP Craig A. Moughler sold 1,641 shares of Valvoline stock in a transaction on 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 sale, the senior vice president now owns 25,957 shares in the company, valued at $594,674.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 2,854 shares of company stock valued at $65,730 in the last three months. Corporate insiders own 0.57% of the company’s stock.
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.
