F M Investments LLC Sells 205,279 Shares of Valvoline Inc. (NYSE:VVV)

F M Investments LLC cut its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 74.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,689 shares of the basic materials company's stock after selling 205,279 shares during the quarter. F M Investments LLC owned about 0.06% of Valvoline worth $2,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank boosted its position in shares of Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after purchasing an additional 814 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Valvoline in the fourth quarter valued at about $36,000. ORG Partners LLC boosted its holdings in Valvoline by 466.7% during the fourth 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 during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Valvoline during the 4th quarter worth about $49,000. Finally, Headlands Technologies LLC bought a new stake in shares of Valvoline in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective 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 Cowen began coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Mizuho lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus initiated coverage on Valvoline in a report on Friday, December 20th. They issued a "hold" rating and a $42.00 price target for the company. 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 presently has an average rating of "Moderate Buy" and an average price target of $43.67.

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Valvoline Stock Down 1.2 %

Valvoline stock traded down $0.41 during midday trading on Tuesday, reaching $34.02. The stock had a trading volume of 1,099,568 shares, compared to its average volume of 1,358,248. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm's fifty day simple moving average is $35.97 and its 200-day simple moving average is $37.90. The stock has a market capitalization of $4.32 billion, a P/E ratio of 16.28 and a beta of 1.32.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.34% and a return on equity of 143.64%. As a group, analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity

In other news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 owns 15,305 shares of the company's stock, valued at approximately $572,560.05. This represents a 28.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by corporate insiders.

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.