Valvoline Inc. (NYSE:VVV - Get Free Report) insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Valvoline Stock Performance
Shares of Valvoline stock traded down $1.25 on Monday, hitting $35.63. The stock had a trading volume of 1,404,797 shares, compared to its average volume of 1,611,837. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 17.05 and a beta of 1.45. Valvoline Inc. has a 52-week low of $33.90 and a 52-week high of $48.26. The company's 50 day moving average price is $37.03 and its 200 day moving average price is $39.36. 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 (NYSE:VVV - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. On average, research analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on VVV shares. Royal Bank of Canada lifted their price objective on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Mizuho lowered their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, Robert W. Baird decreased their price target on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $44.40.
Read Our Latest Report on VVV
Hedge Funds Weigh In On Valvoline
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Valvoline in the 4th quarter valued at approximately $54,114,000. Wasatch Advisors LP raised its position in Valvoline by 16.8% during the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company's stock worth $407,541,000 after buying an additional 1,398,310 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of Valvoline by 35.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock worth $152,726,000 after acquiring an additional 1,096,486 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Valvoline by 653.5% in the fourth quarter. Squarepoint Ops LLC now owns 1,147,254 shares of the basic materials company's stock valued at $41,508,000 after acquiring an additional 994,988 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in shares of Valvoline during the fourth quarter worth about $35,051,000. Hedge funds and other institutional investors own 96.13% of the company's stock.
About Valvoline
(
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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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