Valvoline Inc (NYSE:VVV) SVP Anthony R. Puckett sold 656 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $23.19, for a total value of $15,212.64. Following the sale, the senior vice president now directly owns 3,043 shares of the company’s stock, valued at $70,567.17. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of VVV traded down $0.05 during midday trading on Thursday, reaching $23.00. 522,500 shares of the stock were exchanged, compared to its average volume of 1,155,890. Valvoline Inc has a 12-month low of $16.90 and a 12-month high of $23.90. The firm has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $20.74. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.61 and a beta of 0.89.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Valvoline had a negative return on equity of 91.40% and a net margin of 8.70%. The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $627.04 million. During the same period last year, the business earned $0.34 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Valvoline Inc will post 1.43 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Capital Fund Management S.A. raised its stake in shares of Valvoline by 512.9% in the 2nd quarter. Capital Fund Management S.A. now owns 90,100 shares of the basic materials company’s stock valued at $1,760,000 after acquiring an additional 75,400 shares in the last quarter. Swiss National Bank raised its stake in shares of Valvoline by 2.1% in the 2nd quarter. Swiss National Bank now owns 350,165 shares of the basic materials company’s stock valued at $6,839,000 after acquiring an additional 7,200 shares in the last quarter. GAM Holding AG raised its stake in shares of Valvoline by 16.9% in the 2nd quarter. GAM Holding AG now owns 61,504 shares of the basic materials company’s stock valued at $1,201,000 after acquiring an additional 8,879 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Valvoline in the 2nd quarter valued at approximately $1,462,000. Finally, Holocene Advisors LP raised its stake in shares of Valvoline by 1.7% in the 2nd quarter. Holocene Advisors LP now owns 46,599 shares of the basic materials company’s stock valued at $910,000 after acquiring an additional 760 shares in the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on VVV. Citigroup raised their price target on Valvoline from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TheStreet raised Valvoline from a “d+” rating to a “c+” rating in a research note on Monday, September 23rd. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, ValuEngine raised Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.20.
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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