WINTON GROUP Ltd Boosts Position in Valvoline Inc (VVV)
WINTON GROUP Ltd increased its position in shares of Valvoline Inc (NYSE:VVV) by 173.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,679 shares of the basic materials company’s stock after acquiring an additional 163,954 shares during the period. WINTON GROUP Ltd’s holdings in Valvoline were worth $6,482,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VVV. Victory Capital Management Inc. acquired a new position in Valvoline during the 4th quarter worth about $50,196,000. Schroder Investment Management Group lifted its stake in Valvoline by 44.8% during the 4th quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock worth $111,755,000 after acquiring an additional 1,379,119 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Valvoline by 17.2% during the 3rd quarter. Janus Henderson Group PLC now owns 5,875,735 shares of the basic materials company’s stock worth $137,784,000 after acquiring an additional 860,388 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Valvoline by 125.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,257,567 shares of the basic materials company’s stock worth $29,491,000 after acquiring an additional 700,783 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Valvoline by 74.0% during the 4th quarter. APG Asset Management N.V. now owns 1,167,500 shares of the basic materials company’s stock worth $24,365,000 after acquiring an additional 496,400 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valvoline Inc (NYSE VVV) opened at $22.88 on Monday. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54. The stock has a market capitalization of $4,620.00 and a PE ratio of 15.90. Valvoline Inc has a 12-month low of $20.99 and a 12-month high of $25.63.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. Valvoline’s dividend payout ratio is currently 20.83%.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Morgan Stanley increased their price target on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. increased their price target on Valvoline from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Longbow Research increased their price target on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.86.
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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