CIBC Private Wealth Group LLC Reduces Stock Position in Valvoline Inc. (NYSE:VVV)

CIBC Private Wealth Group LLC decreased its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 516,416 shares of the basic materials company's stock after selling 43,135 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.40% of Valvoline worth $18,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Citigroup Inc. increased its position in Valvoline by 15.0% in the 3rd quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company's stock valued at $4,796,000 after buying an additional 14,962 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Valvoline by 9.2% during the third quarter. Cerity Partners LLC now owns 29,498 shares of the basic materials company's stock valued at $1,234,000 after acquiring an additional 2,482 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Valvoline by 7.3% during the third quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company's stock valued at $3,109,000 after acquiring an additional 5,030 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Valvoline during the third quarter worth approximately $413,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valvoline in the 3rd quarter worth $97,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Mizuho lowered their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. TD Securities initiated coverage on Valvoline in a report on Friday. They set a "buy" rating and a $40.00 price objective for the company. Finally, Stifel Nicolaus began coverage on Valvoline in a report on Friday, December 20th. They issued a "hold" rating and a $42.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.67.

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Valvoline Stock Performance

Shares of Valvoline stock traded up $0.10 during trading hours on Friday, hitting $34.57. 3,070,928 shares of the company's stock traded hands, compared to its average volume of 1,331,045. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 16.54 and a beta of 1.32. Valvoline Inc. has a 12-month low of $32.99 and a 12-month high of $48.27. 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 company has a fifty day simple moving average of $36.64 and a 200-day simple moving average of $38.39.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) 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%. Equities research analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the business's 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by company insiders.

About Valvoline

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.