Snyder Capital Management L P Sells 29,928 Shares of Valvoline Inc. (NYSE:VVV)

Snyder Capital Management L P decreased its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 649,544 shares of the basic materials company's stock after selling 29,928 shares during the period. Snyder Capital Management L P owned 0.51% of Valvoline worth $23,501,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Valvoline by 52.4% in the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock worth $2,242,000 after acquiring an additional 18,414 shares during the period. Invst LLC grew its holdings in Valvoline by 3.7% in the 3rd quarter. Invst LLC now owns 15,931 shares of the basic materials company's stock worth $667,000 after buying an additional 563 shares in the last quarter. Sanctuary Advisors LLC increased its position in Valvoline by 25.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company's stock valued at $349,000 after acquiring an additional 1,838 shares during the period. Tidal Investments LLC raised its stake in Valvoline by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company's stock valued at $2,275,000 after acquiring an additional 9,089 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Valvoline during the 3rd quarter worth $2,554,000. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Down 0.4 %

Shares of VVV traded down $0.14 during trading hours on Friday, reaching $34.69. The company's stock had a trading volume of 1,042,751 shares, compared to its average volume of 1,376,710. The company has a 50 day moving average of $34.95 and a two-hundred day moving average of $37.47. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 16.60 and a beta of 1.32. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings data 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, research analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

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 shares were 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 directly owns 15,305 shares in the company, valued at $572,560.05. The trade was a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VVV. 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 note on Friday, February 7th. Mizuho lowered their price target 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. raised their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. TD Cowen assumed coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 target price for the company. Finally, TD Securities began coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.67.

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.