Zurcher Kantonalbank Zurich Cantonalbank Sells 3,340 Shares of Valvoline Inc. (VVV)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Valvoline Inc. (NYSE:VVV) by 33.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,668 shares of the basic materials company’s stock after selling 3,340 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Valvoline were worth $156,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in Valvoline by 23.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 2,105 shares during the last quarter. Wedbush Securities Inc. lifted its position in Valvoline by 15.6% in the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock valued at $412,000 after purchasing an additional 2,345 shares during the last quarter. Eos Focused Equity Management L.P. lifted its position in Valvoline by 1.1% in the second quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock valued at $5,473,000 after purchasing an additional 2,531 shares during the last quarter. Pacer Advisors Inc. lifted its position in Valvoline by 11.5% in the third quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock valued at $980,000 after purchasing an additional 4,315 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Valvoline by 55.5% during the second quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock valued at $306,000 after buying an additional 4,602 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.

In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the sale, the senior vice president now directly owns 77 shares of the company’s stock, valued at $1,894.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on VVV. Morgan Stanley boosted their target price on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, November 22nd. J P Morgan Chase & Co reissued a “neutral” rating and set a $22.00 target price (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Finally, SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.29.

Shares of Valvoline Inc. (NYSE VVV) traded up $0.31 during mid-day trading on Thursday, reaching $24.46. The company had a trading volume of 1,371,900 shares, compared to its average volume of 1,361,644. The stock has a market capitalization of $4,891.04, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. Valvoline Inc. has a 12 month low of $19.80 and a 12 month high of $25.07. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. equities research analysts predict that Valvoline Inc. will post 1.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.0745 dividend. This represents a $0.30 annualized dividend and a yield of 1.22%. This is a boost from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, November 30th. Valvoline’s dividend payout ratio is presently 20.13%.

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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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