Proficio Capital Partners LLC acquired a new position in Valvoline Inc. (NYSE:VVV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,475 shares of the basic materials company's stock, valued at approximately $632,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Valvoline by 0.4% in the third 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 last quarter. Thrivent Financial for Lutherans raised its position in Valvoline by 118.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company's stock worth $2,844,000 after buying an additional 36,814 shares during the last quarter. Geode Capital Management LLC lifted its stake in Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock valued at $93,215,000 after acquiring an additional 54,545 shares during the period. Barclays PLC boosted its holdings in shares of Valvoline by 52.4% during the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after acquiring an additional 18,414 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of Valvoline during the 4th quarter valued at about $9,095,000. 96.13% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the company's 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 transaction, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This represents a 28.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.66% of the stock is currently owned by company insiders.
Valvoline Stock Performance
Shares of VVV stock traded down $0.09 during trading hours on Thursday, reaching $35.25. 1,436,266 shares of the company traded hands, compared to its average volume of 1,587,405. The firm has a 50-day moving average price of $36.83 and a 200 day moving average price of $38.63. The company has a market cap of $4.48 billion, a P/E ratio of 16.87 and a beta of 1.48. 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 Inc. has a 12-month low of $33.90 and a 12-month high of $48.26.
Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly 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 net margin of 16.34% and a return on equity of 143.64%. As a group, sell-side analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on VVV. Morgan Stanley restated an "equal weight" rating and set a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Stifel Nicolaus began coverage on Valvoline in a research note on Friday, December 20th. They issued a "hold" rating and a $42.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Mizuho dropped 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. Finally, Royal Bank of Canada upped their price target 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 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.40.
Get Our Latest Analysis on VVV
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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