Mutual of America Capital Management LLC Trims Stake in Valvoline Inc. (NYSE:VVV)

Mutual of America Capital Management LLC cut its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,072 shares of the basic materials company's stock after selling 93,153 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Valvoline worth $2,463,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VVV. State of Alaska Department of Revenue increased its holdings in shares of Valvoline by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 15,088 shares of the basic materials company's stock valued at $631,000 after purchasing an additional 1,015 shares during the period. US Bancorp DE increased its holdings in shares of Valvoline by 2.0% in the third quarter. US Bancorp DE now owns 38,817 shares of the basic materials company's stock valued at $1,624,000 after purchasing an additional 752 shares during the period. Farther Finance Advisors LLC grew its holdings in Valvoline by 95.8% during the third quarter. Farther Finance Advisors LLC now owns 3,199 shares of the basic materials company's stock worth $134,000 after acquiring an additional 1,565 shares during the period. Portside Wealth Group LLC grew its holdings in Valvoline by 6.0% during the third quarter. Portside Wealth Group LLC now owns 12,945 shares of the basic materials company's stock worth $542,000 after acquiring an additional 731 shares during the period. Finally, Fiera Capital Corp acquired a new stake in Valvoline during the third quarter worth about $25,538,000. 96.13% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares in the company, valued at approximately $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on VVV. Robert W. Baird dropped their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Mizuho dropped 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. Finally, 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. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Valvoline has a consensus rating of "Moderate Buy" and an average price target of $44.40.

Valvoline Price Performance

VVV traded down $0.01 during trading on Friday, hitting $35.22. The company's stock had a trading volume of 1,597,186 shares, compared to its average volume of 1,598,458. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.26. The business's fifty day simple moving average is $36.89 and its 200 day simple moving average is $39.18. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.85 and a beta of 1.48.

Valvoline (NYSE:VVV - Get Free Report) last released 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 return on equity of 143.64% and a net margin of 16.34%. On average, equities research analysts forecast that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

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.