Nordea Investment Management AB increases its position in Valvoline Inc. (NYSE: VVV)


Nordea Investment Management AB has increased its stake in Valvoline Inc. (NYSE: VVV – Get Rating) with 4.8% in the 1st quarter, reports Holdings Channel. The fund held 269,406 shares of the company’s stock for basic materials after purchasing an additional 12,289 shares during the quarter. Valdeline’s Nordea Investment Management AB holds $ 8,546,000 at the end of the last reporting period.

A number of other large investors have also recently made changes to their equity positions. State Street Corp increased its position in Valvoline by 1.8% in the fourth quarter. State Street Corp. now owns 4,830,568 shares of the company’s stock for basic materials worth $ 180,132,000, after acquiring an additional 86,839 shares in the last quarter. Renaissance Technologies LLC increased its position in Valvoline by 15.7% in the fourth quarter. Renaissance Technologies LLC already owns 3,270,124 shares of the company’s stock for basic materials worth $ 121,943,000 after purchasing an additional 443,572 shares during the period. Geode Capital Management LLC increased its position in Valvoline by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 2,281,439 shares of the company’s stock for basic materials worth $ 85,074,000 after purchasing an additional 75,341 shares during the period. Hawk Ridge Capital Management LP increased its position in Valvoline by 6.9% in the fourth quarter. Hawk Ridge Capital Management LP now owns 1,795,160 shares of the company’s stock for basic materials worth $ 66,942,000 after purchasing an additional 115,953 shares during the period. Finally, Commercial Bank raised its position in Valvoline by 6.1% in the fourth quarter. Commercial Bank now owns 1,708,432 shares of the company’s stock for basic materials worth $ 63,708,000 after purchasing an additional 98,824 shares during the period. Institutional investors own 91.04% of the company’s shares.

Several analysts have issued stock reports. StockNews.com took cover for Valvoline shares in a research report on Thursday, March 31st. They set a buy rating for the company. Jefferies Financial Group lowered its target price for Valvoline shares from $ 44.00 to $ 40.00 in a report on Thursday, June 16. Citigroup lowered its target price for Valvoline shares from $ 40.00 to $ 35.00 in a report on Tuesday, May 10. Finally, JPMorgan Chase & Co. upgraded Valvoline from a “neutral” rating to an “overweight” rating and increased its target price for the stock from $ 30.00 to $ 36.00 in a report on Thursday, May 12. They noted that the relocation was a call for evaluation. One investment analyst rated the shares with a retention rating, five assigned a purchase rating and one assigned a strong rating for the purchase of the company’s shares. Based on data from MarketBeat, the shares currently have a consensus Buy rating and a consensus target price of $ 38.33.

Shares of VVV opened at $ 29.35 on Friday. Valvoline Inc. has a one-year low of $ 26.69 and a 1-year high of $ 37.97. The company has a market capitalization of $ 5.23 billion, a P / E ratio of $ 12.33 and a beta of $ 1.31. The company has a 50-day moving average of $ 30.77 and a 200-day moving average of $ 32.29. The company has a debt to equity ratio of 8.24, a current ratio of 1.74 and a fast ratio of 1.26.

Valvoline (NYSE: VVV – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company for basic materials reported $ 0.48 earnings per share (EPS) for the quarter, achieving consensus estimates by analysts of $ 0.48. Valvoline had a net margin of 12.85% and a return on equity of 278.10%. The company had revenue of $ 886.00 million for the quarter, compared to the consensus estimate of $ 887.10 million. During the same period last year, the company earned $ 0.46 earnings per share. Valvoline’s revenue increased 26.4% year-on-year. On average, stock analysts expect Valvoline Inc. will report 2.09 earnings per share for the current fiscal year.

The business also recently declared a three-month dividend, which was paid on Wednesday (June 15th). Record investors on Tuesday, May 31, received a dividend of $ 0.125. This represents a dividend of $ 0.50 on an annual basis and a yield of 1.70%. The date of the former dividend of this dividend was Friday, May 27. Valvoline’s payout ratio is currently 21.01%.

Company Profile Valvoline (Get a rating)

Valvoline Inc manufactures, markets and supplies engine and car maintenance products and services. It operates in two segments, retail services and global products. The company offers lubricants for cars, light and heavy; antifreeze / coolers for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as special coatings for automotive and industrial applications; and oil and air filters for light vehicles.

See also

Want to see what other hedge funds hold VVV? Visit HoldingsChannel.com to get the latest 13F orders and domestic transactions for Valvoline Inc. (NYSE: VVV – Get rating).

Institutional ownership by quarter for Valvoline (NYSE: VVV)



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