Aigen Investment Management LP lifted its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 275.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,214 shares of the basic materials company's stock after purchasing an additional 15,563 shares during the period. Aigen Investment Management LP's holdings in Valvoline were worth $768,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in shares of Valvoline in the 4th quarter worth approximately $36,000. Prospera Private Wealth LLC bought a new position in shares of Valvoline during the 3rd quarter worth approximately $41,000. ORG Partners LLC raised its stake in shares of Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock worth $46,000 after acquiring an additional 1,050 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Valvoline by 90.5% during the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock worth $92,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valvoline during the 3rd quarter worth approximately $97,000. Hedge funds and other institutional investors own 96.13% of the company's stock.
Valvoline Stock Performance
Shares of NYSE:VVV traded down $0.01 during midday trading on Friday, reaching $35.22. The company's stock had a trading volume of 1,597,186 shares, compared to its average volume of 1,598,458. The firm has a market capitalization of $4.48 billion, a PE ratio of 16.85 and a beta of 1.48. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.26. The stock has a fifty day moving average of $36.89 and a 200 day moving average of $39.18. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.
Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. On average, equities analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on VVV shares. Wells Fargo & Company reduced their price objective on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Morgan Stanley reiterated an "equal weight" rating and set a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Stifel Nicolaus started coverage on shares of Valvoline in a research note on Friday, December 20th. They set a "hold" rating and a $42.00 price target on the stock. Robert W. Baird cut their price target on shares of Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $44.40.
Read Our Latest Research Report on VVV
Insider Buying and Selling
In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now directly owns 14,956 shares of the company's stock, valued at $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
About Valvoline
(
Free Report)
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.
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