LS Investment Advisors LLC Takes Position in Valvoline Inc. (NYSE:VVV)

LS Investment Advisors LLC acquired a new position in Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,388 shares of the basic materials company’s stock, valued at approximately $389,000.

Other institutional investors also recently made changes to their positions in the company. Tdam USA Inc. increased its position in shares of Valvoline by 0.5% in the first quarter. Tdam USA Inc. now owns 61,160 shares of the basic materials company’s stock worth $1,501,000 after buying an additional 309 shares during the last quarter. Ngam Advisors L.P. boosted its stake in Valvoline by 4.4% in the first quarter. Ngam Advisors L.P. now owns 18,595 shares of the basic materials company’s stock valued at $457,000 after buying an additional 776 shares during the period. Symphony Asset Management LLC boosted its stake in Valvoline by 12.5% in the first quarter. Symphony Asset Management LLC now owns 34,052 shares of the basic materials company’s stock valued at $836,000 after buying an additional 3,780 shares during the period. Pacer Advisors Inc. boosted its stake in Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after buying an additional 4,808 shares during the period. Finally, City Holding Co. acquired a new stake in Valvoline during the second quarter valued at about $128,000. Hedge funds and other institutional investors own 41.01% of the company’s stock.

Valvoline Inc. (VVV) traded down 1.37% during midday trading on Friday, hitting $21.55. The company had a trading volume of 1,208,958 shares. Valvoline Inc. has a 12-month low of $18.30 and a 12-month high of $24.98. The stock has a market cap of $4.37 billion and a price-to-earnings ratio of 18.87. The company’s 50 day moving average is $22.68 and its 200 day moving average is $23.06.

Valvoline (NYSE:VVV) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business 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 business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Valvoline Inc. will post $1.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, August 30th. Valvoline’s dividend payout ratio is presently 15.50%.

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A number of equities research analysts have recently weighed in on VVV shares. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, April 28th. Deutsche Bank AG reissued a “hold” rating and set a $23.00 target price (up from $22.00) on shares of Valvoline in a research note on Saturday, June 3rd. Finally, Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Valvoline has a consensus rating of “Hold” and an average price target of $25.83.

About Valvoline

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.

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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