Bank of New York Mellon Corp Sells 110,665 Shares of Valvoline Inc. (NYSE:VVV)

Bank of New York Mellon Corp cut its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 972,369 shares of the basic materials company's stock after selling 110,665 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.76% of Valvoline worth $35,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MAI Capital Management lifted its holdings in Valvoline by 2.4% during the 3rd quarter. MAI Capital Management now owns 11,624 shares of the basic materials company's stock worth $486,000 after buying an additional 268 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Valvoline by 0.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company's stock worth $1,992,000 after buying an additional 313 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Valvoline by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares during the period. Choreo LLC lifted its stake in shares of Valvoline by 2.5% in the 4th quarter. Choreo LLC now owns 16,260 shares of the basic materials company's stock valued at $589,000 after purchasing an additional 396 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of Valvoline by 4.1% in the 3rd quarter. Raymond James Trust N.A. now owns 13,871 shares of the basic materials company's stock valued at $581,000 after purchasing an additional 540 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VVV. Robert W. Baird dropped their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Stifel Nicolaus began coverage on Valvoline in a research note on Friday, December 20th. They issued a "hold" rating and a $42.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Mizuho dropped their price objective on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $38.00 price objective (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.40.

Valvoline Stock Down 0.0 %

VVV stock traded down $0.01 during trading on Friday, reaching $35.22. 1,597,186 shares of the stock were exchanged, compared to its average volume of 1,598,458. The firm's 50 day moving average is $36.89 and its 200 day moving average is $39.18. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.26. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The firm has a market cap of $4.48 billion, a P/E ratio of 16.85 and a beta of 1.48.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that Valvoline Inc. will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the transaction, the chief technology officer now owns 14,956 shares in the company, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Valvoline 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.