Lazard Asset Management LLC Boosts Stock Holdings in Valvoline Inc. (NYSE:VVV)

Lazard Asset Management LLC lifted its holdings in shares of Valvoline Inc. (NYSE:VVVGet Rating) by 83.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,981 shares of the basic materials company’s stock after purchasing an additional 1,355 shares during the period. Lazard Asset Management LLC’s holdings in Valvoline were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VVV. Glenview Capital Management LLC bought a new stake in shares of Valvoline during the 1st quarter worth $55,059,000. Leeward Investments LLC MA bought a new stake in Valvoline in the 1st quarter valued at about $24,781,000. Freshford Capital Management LLC raised its stake in Valvoline by 57.8% in the 1st quarter. Freshford Capital Management LLC now owns 1,424,783 shares of the basic materials company’s stock valued at $44,965,000 after acquiring an additional 521,738 shares during the period. Goldman Sachs Group Inc. raised its stake in Valvoline by 48.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,011,762 shares of the basic materials company’s stock valued at $31,931,000 after acquiring an additional 328,241 shares during the period. Finally, P Schoenfeld Asset Management LP bought a new stake in Valvoline in the 1st quarter valued at about $9,310,000. 90.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Valvoline

In other Valvoline news, SVP Thomas A. Gerrald II sold 5,000 shares of Valvoline stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $32.93, for a total transaction of $164,650.00. Following the completion of the transaction, the senior vice president now owns 21,534 shares of the company’s stock, valued at approximately $709,114.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Valvoline news, SVP Thomas A. Gerrald II sold 5,000 shares of Valvoline stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $32.93, for a total transaction of $164,650.00. Following the completion of the transaction, the senior vice president now owns 21,534 shares of the company’s stock, valued at approximately $709,114.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Marie O’daniel sold 9,886 shares of Valvoline stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $32.42, for a total value of $320,504.12. Following the transaction, the insider now directly owns 16,230 shares of the company’s stock, valued at approximately $526,176.60. The disclosure for this sale can be found here. Insiders sold 15,786 shares of company stock valued at $514,611 in the last quarter. 0.94% of the stock is currently owned by corporate insiders.

Valvoline Stock Down 0.2 %

VVV stock opened at $32.74 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 4.97. The firm has a market capitalization of $5.80 billion, a PE ratio of 13.87 and a beta of 1.36. Valvoline Inc. has a twelve month low of $24.40 and a twelve month high of $37.97. The stock has a 50-day simple moving average of $28.44 and a two-hundred day simple moving average of $29.57.

Valvoline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, December 1st. Valvoline’s payout ratio is presently 21.19%.

Analyst Ratings Changes

VVV has been the topic of a number of research reports. StockNews.com cut Valvoline from a “buy” rating to a “hold” rating in a research note on Wednesday, November 16th. Citigroup boosted their price objective on Valvoline from $35.00 to $39.00 in a research note on Wednesday, November 16th.

About Valvoline

(Get Rating)

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. 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; and oil and air filters for light-duty vehicles.

See Also

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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