Valvoline Inc. (NYSE:VVV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, August 5th.
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. “
A number of other equities research analysts have also weighed in on VVV. Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, June 7th. Deutsche Bank AG reissued a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.83.
Valvoline (NYSE:VVV) traded down 1.37% on Friday, reaching $21.55. The company’s stock had a trading volume of 1,208,958 shares. The company has a market capitalization of $4.37 billion and a price-to-earnings ratio of 18.87. The stock has a 50 day moving average price of $22.68 and a 200-day moving average price of $23.06. Valvoline has a 1-year low of $18.30 and a 1-year high of $24.98.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $534 million for the quarter, compared to analyst estimates of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Valvoline will post $1.37 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of VVV. WINTON GROUP Ltd bought a new position in shares of Valvoline during the second quarter valued at about $891,000. Public Employees Retirement System of Ohio raised its position in shares of Valvoline by 473.1% in the second quarter. Public Employees Retirement System of Ohio now owns 91,195 shares of the basic materials company’s stock valued at $2,163,000 after buying an additional 75,283 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Valvoline during the second quarter valued at about $2,135,000. California State Teachers Retirement System raised its position in shares of Valvoline by 435.8% in the second quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock valued at $8,985,000 after buying an additional 308,115 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Valvoline during the second quarter valued at about $1,202,000. 41.01% of the stock is currently owned by institutional investors and hedge funds.
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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