KLP Kapitalforvaltning AS bought a new position in Valvoline Inc. (NYSE:VVV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,700 shares of the basic materials company's stock, valued at approximately $930,000.
Other hedge funds have also modified their holdings of the company. Citigroup Inc. raised its stake in shares of Valvoline by 15.0% in the third quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company's stock valued at $4,796,000 after acquiring an additional 14,962 shares during the last quarter. Cerity Partners LLC lifted its holdings in Valvoline by 9.2% during the 3rd quarter. Cerity Partners LLC now owns 29,498 shares of the basic materials company's stock worth $1,234,000 after buying an additional 2,482 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Valvoline by 7.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company's stock valued at $3,109,000 after buying an additional 5,030 shares during the last quarter. Kestra Investment Management LLC bought a new position in Valvoline in the 3rd quarter valued at $413,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valvoline in the 3rd quarter valued at $97,000. 96.13% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Valvoline
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 insiders.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. TD Securities initiated coverage on Valvoline in a report on Friday. They issued a "buy" rating and a $40.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Stifel Nicolaus began coverage on Valvoline in a research note on Friday, December 20th. They set a "hold" rating and a $42.00 price objective for the company. Finally, TD Cowen began coverage on Valvoline in a research note on Friday. They issued a "buy" rating and a $40.00 target price on the stock. 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 stock. According to data from MarketBeat, Valvoline currently has an average rating of "Moderate Buy" and a consensus price target of $43.67.
Get Our Latest Report on VVV
Valvoline Stock Up 0.3 %
Shares of Valvoline stock traded up $0.10 on Friday, hitting $34.57. The company had a trading volume of 3,070,928 shares, compared to its average volume of 1,331,045. Valvoline Inc. has a twelve month low of $32.99 and a twelve month 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 has a 50-day moving average of $36.64 and a 200-day moving average of $38.39. The firm has a market capitalization of $4.39 billion, a P/E ratio of 16.54 and a beta of 1.32.
Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping 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%. Research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.
Valvoline 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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