Fox Run Management L.L.C. lifted its position in Valvoline Inc. (NYSE:VVV - Free Report) by 767.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,340 shares of the basic materials company's stock after buying an additional 49,842 shares during the period. Valvoline makes up 0.4% of Fox Run Management L.L.C.'s holdings, making the stock its 14th largest position. Fox Run Management L.L.C.'s holdings in Valvoline were worth $2,038,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Valvoline by 6.5% during the third quarter. Victory Capital Management Inc. now owns 28,919 shares of the basic materials company's stock worth $1,210,000 after acquiring an additional 1,761 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Valvoline in the 3rd quarter worth approximately $227,000. Thrivent Financial for Lutherans grew its stake in shares of Valvoline by 118.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company's stock worth $2,844,000 after purchasing an additional 36,814 shares during the last quarter. MAI Capital Management raised its holdings in shares of Valvoline by 2.4% in the 3rd quarter. MAI Capital Management now owns 11,624 shares of the basic materials company's stock worth $486,000 after purchasing an additional 268 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Valvoline during the third quarter valued at approximately $41,000. Institutional investors own 96.13% of the company's stock.
Insider Transactions at Valvoline
In related news, insider Julie Marie O'daniel sold 6,000 shares of the business's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Mizuho decreased their target price on 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 set a $38.00 target price (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus began coverage on Valvoline in a report on Friday, December 20th. They set a "hold" rating and a $42.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.40.
Get Our Latest Stock Analysis on Valvoline
Valvoline Stock Up 1.4 %
VVV stock traded up $0.47 during mid-day trading on Wednesday, hitting $35.32. The stock had a trading volume of 1,383,084 shares, compared to its average volume of 1,277,349. Valvoline Inc. has a 1-year low of $33.90 and a 1-year high of $48.27. The company has a fifty day moving average of $36.86 and a 200 day moving average of $38.66. 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 stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.90 and a beta of 1.48.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. On average, equities analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.
Valvoline Company Profile
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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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