Trexquant Investment LP grew its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,630 shares of the basic materials company's stock after buying an additional 20,823 shares during the period. Trexquant Investment LP owned approximately 0.12% of Valvoline worth $5,595,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in VVV. State Street Corp grew its position in 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 acquiring an additional 16,916 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Valvoline by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock worth $93,215,000 after purchasing an additional 54,545 shares during the period. Barclays PLC increased its position 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 purchasing an additional 18,414 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Valvoline during the 4th quarter valued at $9,095,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Valvoline by 1.0% in 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 buying an additional 16,912 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. TD Securities started coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. Morgan Stanley reiterated an "equal weight" rating and set a $38.00 price target (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus started coverage on Valvoline in a report on Friday, December 20th. They issued a "hold" rating and a $42.00 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 company. According to MarketBeat.com, Valvoline presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.
Check Out Our Latest Research Report on VVV
Insider Transactions at Valvoline
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 15,305 shares of the company's stock, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.66% of the company's stock.
Valvoline Stock Down 2.6 %
Shares of NYSE VVV traded down $0.88 during midday trading on Thursday, reaching $32.44. 610,082 shares of the company's stock traded hands, compared to its average volume of 1,344,387. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 15.48 and a beta of 1.32. The stock's 50 day simple moving average is $36.15 and its 200-day simple moving average is $38.10. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a one year low of $31.02 and a one year high of $48.27.
Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, topping 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, analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.
Valvoline Company Profile
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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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