41,628 Shares in Valvoline Inc. (NYSE:VVV) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,628 shares of the basic materials company's stock, valued at approximately $1,506,000.

Several other large investors have also recently added to or reduced their stakes in VVV. Norges Bank acquired a new stake in shares of Valvoline in the fourth quarter worth $54,114,000. TimesSquare Capital Management LLC raised its position in shares of Valvoline by 766.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 644,980 shares of the basic materials company's stock valued at $23,335,000 after acquiring an additional 570,550 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Valvoline in the fourth quarter valued at approximately $17,340,000. Geneva Capital Management LLC grew its position in shares of Valvoline by 56.3% during the fourth quarter. Geneva Capital Management LLC now owns 1,220,453 shares of the basic materials company's stock worth $44,156,000 after acquiring an additional 439,809 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Valvoline by 28.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,577,313 shares of the basic materials company's stock valued at $57,067,000 after acquiring an additional 349,778 shares during the period. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VVV shares. Royal Bank of Canada lifted their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. TD Cowen began coverage on Valvoline in a report on Friday. They set a "buy" rating and a $40.00 price target on the stock. TD Securities began coverage on shares of Valvoline in a research report on Friday. They issued a "buy" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus started coverage on Valvoline in a research report on Friday, December 20th. They set a "hold" rating and a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.67.

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Valvoline Stock Down 5.1 %

NYSE:VVV traded down $1.76 on Monday, hitting $32.75. 804,849 shares of the company's stock were exchanged, compared to its average volume of 1,593,216. Valvoline Inc. has a 52 week low of $32.69 and a 52 week high of $48.26. The company has a market cap of $4.16 billion, a P/E ratio of 15.66 and a beta of 1.32. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The firm has a 50-day moving average price of $36.64 and a 200-day moving average price of $38.37.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. As a group, analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

Valvoline Company Profile

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.