California Public Employees Retirement System decreased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,499 shares of the basic materials company's stock after selling 64,909 shares during the period. California Public Employees Retirement System owned 0.13% of Valvoline worth $6,060,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in Valvoline during the 4th quarter valued at $54,114,000. TimesSquare Capital Management LLC boosted its holdings in Valvoline by 766.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 644,980 shares of the basic materials company's stock worth $23,335,000 after buying an additional 570,550 shares during the period. Assenagon Asset Management S.A. purchased a new position in Valvoline during the 4th quarter valued at about $17,340,000. Geneva Capital Management LLC lifted its stake in Valvoline by 56.3% in the 4th quarter. Geneva Capital Management LLC now owns 1,220,453 shares of the basic materials company's stock worth $44,156,000 after purchasing an additional 439,809 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake 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 worth $57,067,000 after purchasing an additional 349,778 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Valvoline
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the sale, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company's stock.
Valvoline Trading Up 3.8 %
NYSE:VVV traded up $1.25 during mid-day trading on Friday, hitting $34.00. 2,491,514 shares of the stock traded hands, compared to its average volume of 1,356,652. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.27 and a beta of 1.32. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The firm's 50 day moving average is $36.02 and its two-hundred day moving average is $37.99.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating 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 research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.
Wall Street Analysts Forecast Growth
VVV has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Stifel Nicolaus initiated coverage on Valvoline in a research report on Friday, December 20th. They issued a "hold" rating and a $42.00 price target for the company. Morgan Stanley restated an "equal weight" rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Mizuho decreased their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, TD Securities started coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Valvoline presently has an average rating of "Moderate Buy" and an average target price of $43.67.
Check Out Our Latest Stock Analysis on Valvoline
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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