Meeder Asset Management Inc. Cuts Position in Valvoline Inc. (NYSE:VVV)

Meeder Asset Management Inc. lowered its position in Valvoline Inc. (NYSE:VVV - Free Report) by 49.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,277 shares of the basic materials company's stock after selling 13,885 shares during the period. Meeder Asset Management Inc.'s holdings in Valvoline were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in shares of Valvoline by 15.0% during the 3rd quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company's stock worth $4,796,000 after purchasing an additional 14,962 shares in the last quarter. Cerity Partners LLC raised its holdings in Valvoline by 9.2% in the third quarter. Cerity Partners LLC now owns 29,498 shares of the basic materials company's stock worth $1,234,000 after purchasing an additional 2,482 shares during the period. BNP Paribas Financial Markets increased its stake in Valvoline by 7.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company's stock worth $3,109,000 after purchasing an additional 5,030 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Valvoline during the third quarter worth $413,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valvoline during the third quarter worth about $97,000. 96.13% of the stock is currently owned by institutional investors.

Insider Activity at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline 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 sale, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. The trade was a 28.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

VVV has been the subject of several research reports. Mizuho cut their price target on Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, January 6th. TD Securities started coverage on Valvoline in a research report on Friday. They set a "buy" rating and a $40.00 price objective on the stock. Stifel Nicolaus initiated coverage on Valvoline in a report on Friday, December 20th. They issued a "hold" rating and a $42.00 target price on the stock. Morgan Stanley reissued an "equal weight" rating and issued a $38.00 price objective (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted 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. 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

Valvoline Stock Up 0.3 %

Valvoline stock traded up $0.10 during mid-day trading on Friday, reaching $34.57. The stock had a trading volume of 3,070,928 shares, compared to its average volume of 1,331,045. The company has a 50-day moving average price of $36.64 and a two-hundred day moving average price of $38.39. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 16.54 and a beta of 1.32. Valvoline Inc. has a one year low of $32.99 and a one year 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.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. On average, analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

About Valvoline

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.