Invesco Ltd. lessened its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,639,248 shares of the basic materials company's stock after selling 594,188 shares during the quarter. Invesco Ltd. owned 2.84% of Valvoline worth $131,668,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in Valvoline by 1,004.9% in the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock valued at $32,000 after buying an additional 814 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Valvoline in the 4th quarter valued at approximately $36,000. ORG Partners LLC grew its holdings in shares of Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,050 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Valvoline during the 4th quarter valued at approximately $49,000. Finally, Headlands Technologies LLC acquired a new position in Valvoline during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 96.13% of the company's stock.
Valvoline Trading Up 0.8 %
Shares of NYSE:VVV traded up $0.26 during trading on Friday, reaching $33.47. The stock had a trading volume of 910,878 shares, compared to its average volume of 1,366,040. 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 quick ratio of 0.58 and a current ratio of 0.70. The firm's fifty day moving average is $35.62 and its 200 day moving average is $37.79. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 16.01 and a beta of 1.32.
Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, beating 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, equities analysts forecast that Valvoline Inc. will post 1.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on VVV shares. Stifel Nicolaus initiated coverage on shares of Valvoline in a research report on Friday, December 20th. They issued a "hold" rating and a $42.00 target price on the stock. Royal Bank of Canada boosted their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. TD Cowen started coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Morgan Stanley restated an "equal weight" rating and set a $38.00 price target (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Finally, TD Securities started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.67.
View Our Latest Stock Report on VVV
Insiders Place Their Bets
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the firm's 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 completion of the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.
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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