Polymer Capital Management US LLC acquired a new position in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,261 shares of the basic materials company's stock, valued at approximately $407,000.
A number of other large investors have also recently bought and sold shares of VVV. State Street Corp raised its position in shares of Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock worth $171,436,000 after purchasing an additional 16,916 shares during the period. Geode Capital Management LLC increased its position in Valvoline by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock worth $93,215,000 after buying an additional 54,545 shares during the period. Barclays PLC lifted its stake in Valvoline by 52.4% in the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after buying an additional 18,414 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Valvoline during the fourth quarter valued at $9,095,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Valvoline by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after acquiring an additional 16,912 shares during the last quarter. Institutional investors own 96.13% of the company's stock.
Insider Buying and Selling at Valvoline
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company's stock.
Valvoline Price Performance
VVV stock traded up $1.25 on Friday, hitting $34.00. 2,491,514 shares of the company's stock traded hands, compared to its average volume of 1,356,652. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 16.27 and a beta of 1.32. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. 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 fifty day moving average of $36.02 and a 200-day moving average of $37.99.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 143.64% and a net margin of 16.34%. On average, analysts forecast that Valvoline Inc. will post 1.63 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective 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. Morgan Stanley reiterated an "equal weight" rating and set a $38.00 price objective (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Mizuho lowered their target price on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, TD Cowen assumed coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.67.
Read Our Latest Report on Valvoline
About Valvoline
(
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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