Epoch Investment Partners Inc. Has $32.86 Million Holdings in Valvoline Inc. (VVV)
Epoch Investment Partners Inc. grew its position in Valvoline Inc. (NYSE:VVV) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,401,152 shares of the basic materials company’s stock after purchasing an additional 128,525 shares during the period. Epoch Investment Partners Inc. owned about 0.69% of Valvoline worth $32,857,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VVV. Legal & General Group Plc raised its holdings in Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 7,578 shares during the period. Geode Capital Management LLC raised its holdings in shares of Valvoline by 8.5% during the first quarter. Geode Capital Management LLC now owns 253,378 shares of the basic materials company’s stock worth $6,220,000 after acquiring an additional 19,872 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Valvoline during the first quarter worth $2,007,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Valvoline by 44.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 115,450 shares of the basic materials company’s stock worth $2,835,000 after acquiring an additional 35,607 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of Valvoline during the second quarter worth $1,558,000. Institutional investors own 92.19% of the company’s stock.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
Shares of Valvoline Inc. (NYSE VVV) traded down $0.28 on Wednesday, hitting $24.15. 3,040,300 shares of the stock were exchanged, compared to its average volume of 1,361,600. 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 company has a market cap of $4,947.75, a P/E ratio of 17.58, a PEG ratio of 2.31 and a beta of 1.62. Valvoline Inc. has a 52 week low of $19.57 and a 52 week high of $25.07.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $547.00 million for the quarter, compared to analyst estimates of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. analysts expect that Valvoline Inc. will post 1.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 30th. This is a boost from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio (DPR) is currently 20.13%.
VVV has been the topic of a number of research analyst reports. J P Morgan Chase & Co restated a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Morgan Stanley raised their target price on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research report on Friday, November 10th. Finally, Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.29.
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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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