Valvoline (NYSE:VVV) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
Several other brokerages have also issued reports on VVV. Buckingham Research upgraded Valvoline from a neutral rating to a buy rating and boosted their target price for the company from $18.00 to $24.00 in a research note on Monday, July 1st. Citigroup boosted their target price on Valvoline from $21.00 to $25.00 and gave the company a buy rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $23.43.
Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $610.42 million. Valvoline had a negative return on equity of 80.89% and a net margin of 9.60%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities analysts forecast that Valvoline will post 1.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.106 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.92%. Valvoline’s payout ratio is 32.56%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Valvoline by 1.0% during the 1st quarter. BlackRock Inc. now owns 16,937,413 shares of the basic materials company’s stock valued at $314,358,000 after purchasing an additional 174,796 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Valvoline by 0.4% during the 1st quarter. JPMorgan Chase & Co. now owns 5,908,137 shares of the basic materials company’s stock valued at $109,655,000 after purchasing an additional 23,703 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Valvoline by 28.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 4,469,705 shares of the basic materials company’s stock valued at $87,293,000 after purchasing an additional 993,754 shares during the period. Champlain Investment Partners LLC raised its stake in shares of Valvoline by 3.1% during the 1st quarter. Champlain Investment Partners LLC now owns 4,097,605 shares of the basic materials company’s stock valued at $76,052,000 after purchasing an additional 123,035 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Valvoline by 4.8% during the 2nd quarter. Schroder Investment Management Group now owns 3,890,561 shares of the basic materials company’s stock valued at $75,983,000 after purchasing an additional 178,746 shares during the period. Institutional investors own 94.03% of the company’s stock.
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.
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