FIL Ltd Lowers Holdings in Valvoline Inc. (NYSE:VVV)

FIL Ltd lessened its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,094,278 shares of the basic materials company's stock after selling 59,954 shares during the quarter. FIL Ltd owned about 3.97% of Valvoline worth $184,311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VVV. Vanguard Group Inc. raised its holdings in shares of Valvoline by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock worth $466,492,000 after purchasing an additional 101,834 shares during the last quarter. State Street Corp raised its stake in shares of Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock valued at $171,436,000 after buying an additional 16,916 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Valvoline by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock valued at $93,215,000 after buying an additional 54,545 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Valvoline by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after buying an additional 16,912 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Valvoline by 28.5% during the fourth 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 acquiring an additional 349,778 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company's stock.

Valvoline Trading Up 0.4 %

Valvoline stock traded up $0.12 during trading on Monday, reaching $34.13. 197,574 shares of the company were exchanged, compared to its average volume of 1,354,134. Valvoline Inc. has a 52-week low of $31.02 and a 52-week 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 stock's 50 day simple moving average is $36.02 and its two-hundred day simple moving average is $37.96. The company has a market capitalization of $4.34 billion, a P/E ratio of 16.33 and a beta of 1.32.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 expect that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VVV shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $38.00 target price (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. TD Securities initiated coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, TD Cowen started coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valvoline currently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

Valvoline Company 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.