Envestnet Asset Management Inc. Grows Holdings in Valvoline Inc (VVV)

Envestnet Asset Management Inc. boosted its position in shares of Valvoline Inc (NYSE:VVV) by 63.6% in the fourth quarter, HoldingsChannel reports. The firm owned 6,696 shares of the basic materials company’s stock after acquiring an additional 2,602 shares during the period. Envestnet Asset Management Inc.’s holdings in Valvoline were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VVV. Leavell Investment Management Inc. bought a new position in shares of Valvoline in the 4th quarter valued at about $206,000. Good Life Advisors LLC bought a new position in shares of Valvoline in the 4th quarter valued at about $241,000. Dean Capital Investments Management LLC bought a new position in shares of Valvoline in the 4th quarter valued at about $254,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Valvoline by 79.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,936 shares of the basic materials company’s stock valued at $299,000 after acquiring an additional 5,268 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Valvoline in the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.

Valvoline stock opened at $21.18 on Friday. Valvoline Inc has a 52 week low of $20.93 and a 52 week high of $25.63. 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 cap of $4,449.46, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The business had revenue of $545.00 million during the quarter, compared to analysts’ expectations of $530.10 million. During the same quarter last year, the company posted $0.35 earnings per share. Valvoline’s quarterly revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that Valvoline Inc will post 1.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, May 31st. Valvoline’s payout ratio is currently 21.58%.

VVV has been the subject of several analyst reports. JPMorgan Chase cut Valvoline from a “neutral” rating to an “underweight” rating and set a $23.00 price objective for the company. in a report on Friday, March 16th. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, January 25th. Longbow Research raised their price objective on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Wolfe Research initiated coverage on Valvoline in a report on Wednesday, March 7th. They issued an “outperform” rating for the company. Finally, Morgan Stanley decreased their price objective on Valvoline from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Valvoline currently has a consensus rating of “Hold” and a consensus price target of $25.86.

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About Valvoline

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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