Gamco Investors INC. ET AL Acquires 30,328 Shares of Valvoline Inc (NYSE:VVV)
Gamco Investors INC. ET AL boosted its holdings in Valvoline Inc (NYSE:VVV) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,815,267 shares of the basic materials company’s stock after purchasing an additional 30,328 shares during the period. Gamco Investors INC. ET AL’s holdings in Valvoline were worth $35,452,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VVV. Meridian Wealth Management LLC acquired a new stake in shares of Valvoline during the 1st quarter worth about $25,000. Quadrant Capital Group LLC lifted its stake in shares of Valvoline by 958.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock worth $26,000 after buying an additional 1,380 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in Valvoline in the 1st quarter worth about $56,000. AdvisorNet Financial Inc raised its stake in Valvoline by 83.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Valvoline by 102.8% in the 1st quarter. Meeder Asset Management Inc. now owns 5,341 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 2,708 shares in the last quarter. 97.69% of the stock is owned by institutional investors and hedge funds.
VVV has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Valvoline from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, July 19th. Citigroup lifted their price objective on shares of Valvoline from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Monness Crespi & Hardt reiterated a “buy” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Valvoline in a research note on Friday, May 3rd. Buckingham Research raised shares of Valvoline from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $24.00 in a report on Monday, July 1st. Finally, Morgan Stanley set a $19.00 target price on shares of Valvoline and gave the company a “hold” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.63.
Valvoline (NYSE:VVV) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Valvoline had a net margin of 9.60% and a negative return on equity of 80.89%. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $610.42 million. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Valvoline Inc will post 1.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.106 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 29th. Valvoline’s dividend payout ratio (DPR) is presently 32.56%.
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.
Further Reading: Options Trading – Understanding Strike Price
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.