Valvoline Inc (VVV) Position Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in Valvoline Inc (NYSE:VVV) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,989,429 shares of the basic materials company’s stock after selling 340,701 shares during the period. Janus Henderson Group PLC owned about 3.66% of Valvoline worth $150,343,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Valvoline by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock valued at $124,196,000 after acquiring an additional 684,854 shares during the last quarter. Wells Fargo & Company MN grew its position in Valvoline by 51.6% in the third quarter. Wells Fargo & Company MN now owns 3,709,001 shares of the basic materials company’s stock valued at $79,781,000 after acquiring an additional 1,262,729 shares during the last quarter. Victory Capital Management Inc. grew its position in Valvoline by 4.5% in the second quarter. Victory Capital Management Inc. now owns 3,135,970 shares of the basic materials company’s stock valued at $67,643,000 after acquiring an additional 134,770 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Valvoline by 33.4% in the second quarter. Epoch Investment Partners Inc. now owns 2,210,031 shares of the basic materials company’s stock valued at $47,670,000 after acquiring an additional 553,718 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in Valvoline by 26.8% in the third quarter. Deprince Race & Zollo Inc. now owns 1,330,040 shares of the basic materials company’s stock valued at $28,609,000 after acquiring an additional 281,162 shares during the last quarter.

In other news, insider Anthony R. Puckett sold 2,588 shares of Valvoline stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $20.32, for a total transaction of $52,588.16. Following the sale, the insider now directly owns 3,298 shares of the company’s stock, valued at $67,015.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas A. Gerrald II sold 1,566 shares of Valvoline stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $20.39, for a total value of $31,930.74. Following the sale, the vice president now directly owns 1,643 shares in the company, valued at $33,500.77. The disclosure for this sale can be found here. Insiders have sold 4,698 shares of company stock worth $95,350 over the last three months. Insiders own 0.07% of the company’s stock.

A number of research analysts have issued reports on VVV shares. Citigroup set a $22.00 target price on Valvoline and gave the company a “buy” rating in a research report on Thursday, November 8th. Jefferies Financial Group started coverage on Valvoline in a research report on Wednesday, October 3rd. They issued a “buy” rating and a $27.00 target price on the stock. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating in a research report on Monday, September 17th. Monness Crespi & Hardt decreased their target price on Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. Finally, Morgan Stanley decreased their target price on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.44.

Shares of VVV stock opened at $20.33 on Friday. Valvoline Inc has a 12 month low of $17.49 and a 12 month high of $25.63. The stock has a market cap of $3.79 billion, a PE ratio of 15.76, a PEG ratio of 1.40 and a beta of 0.93.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. Valvoline had a negative return on equity of 95.31% and a net margin of 7.26%. The firm had revenue of $594.00 million for the quarter, compared to analyst estimates of $593.80 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Valvoline Inc will post 1.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.106 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Valvoline’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, November 29th. Valvoline’s dividend payout ratio (DPR) is presently 23.26%.

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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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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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