Envestnet Asset Management Inc. lessened its position in Valvoline Inc. (NYSE:VVV - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,995 shares of the basic materials company's stock after selling 14,746 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of Valvoline worth $10,854,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its position in shares of Valvoline by 1,004.9% during the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after purchasing an additional 814 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in Valvoline during the 4th quarter worth approximately $36,000. ORG Partners LLC lifted its holdings in 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 buying an additional 1,050 shares in the last quarter. Headlands Technologies LLC purchased a new position in Valvoline in the 4th quarter valued at approximately $73,000. Finally, Atala Financial Inc acquired a new position in shares of Valvoline in the fourth quarter worth $77,000. Institutional investors and hedge funds own 96.13% of the company's stock.
Insider Buying and Selling at Valvoline
In other news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline stock in a transaction 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 transaction, the insider now directly owns 15,305 shares of the company's stock, valued at $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 available through this link. 0.66% of the stock is owned by company insiders.
Valvoline Stock Up 3.0 %
NYSE:VVV traded up $1.00 during midday trading on Wednesday, hitting $34.75. 162,764 shares of the company were exchanged, compared to its average volume of 1,614,437. Valvoline Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $48.26. The company has a market capitalization of $4.42 billion, a PE ratio of 16.63 and a beta of 1.32. 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 company has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $37.60.
Valvoline (NYSE:VVV - Get Free Report) last posted its 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, equities analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
VVV has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective for the company. Royal Bank of Canada upped their target price 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 Securities assumed coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Mizuho dropped their price objective on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.67.
View Our Latest Research Report on Valvoline
Valvoline Company Profile
(
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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