California State Teachers Retirement System decreased its holdings in shares of Valvoline Inc (NYSE:VVV) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,033 shares of the basic materials company’s stock after selling 36,782 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Valvoline worth $8,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VVV. Schwab Charles Investment Management Inc. lifted its holdings in Valvoline by 609.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 818,985 shares of the basic materials company’s stock valued at $19,427,000 after purchasing an additional 703,535 shares during the last quarter. First Trust Advisors LP lifted its holdings in Valvoline by 13.1% during the 2nd quarter. First Trust Advisors LP now owns 157,211 shares of the basic materials company’s stock valued at $3,729,000 after purchasing an additional 18,266 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in Valvoline during the 2nd quarter valued at $967,000. SG Americas Securities LLC lifted its holdings in Valvoline by 174.4% during the 2nd quarter. SG Americas Securities LLC now owns 53,052 shares of the basic materials company’s stock valued at $1,258,000 after purchasing an additional 33,721 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Valvoline by 1,631.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,288,441 shares of the basic materials company’s stock valued at $54,282,000 after purchasing an additional 2,156,275 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Shares of Valvoline Inc (NYSE VVV) opened at $24.60 on Thursday. Valvoline Inc has a twelve month low of $20.99 and a twelve month high of $25.07. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $4,953.06, a price-to-earnings ratio of 16.51, a PEG ratio of 2.25 and a beta of 1.62.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The company had revenue of $547.00 million during the quarter, compared to the consensus estimate of $528.14 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. research analysts forecast that Valvoline Inc will post 1.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.0745 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio (DPR) is presently 20.13%.

In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the transaction, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the transaction, the insider now owns 6,192 shares in the company, valued at approximately $150,651.36. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on VVV. Longbow Research lifted their target price on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. ValuEngine downgraded Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. Finally, Seaport Global Securities downgraded Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Wednesday, November 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.88.

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Valvoline Company Profile

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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