Congress Wealth Management LLC DE Sells 7,667 Shares of Valvoline Inc. (NYSE:VVV)

Congress Wealth Management LLC DE cut its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 412,748 shares of the basic materials company's stock after selling 7,667 shares during the period. Congress Wealth Management LLC DE owned approximately 0.32% of Valvoline worth $14,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in Valvoline by 0.4% during 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. Thrivent Financial for Lutherans raised its holdings in shares of Valvoline by 118.2% during the third quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company's stock valued at $2,844,000 after purchasing an additional 36,814 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 worth $93,215,000 after purchasing an additional 54,545 shares in the last quarter. Barclays PLC grew its stake 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 valued at $2,242,000 after buying an additional 18,414 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in Valvoline in the 4th quarter valued at about $9,095,000. 96.13% of the stock is owned by institutional investors and hedge funds.

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Valvoline Stock Down 0.5 %

VVV stock traded down $0.18 during trading on Friday, reaching $35.11. The stock had a trading volume of 1,803,009 shares, compared to its average volume of 1,313,955. Valvoline Inc. has a one year low of $33.90 and a one year high of $48.27. The company's 50 day moving average is $36.78 and its two-hundred day moving average is $38.58. 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 company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.80 and a beta of 1.48.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts forecast that Valvoline Inc. will post 1.63 EPS for the current year.

Insider Buying and Selling

In other news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on VVV. JPMorgan Chase & Co. increased their price target on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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. Stifel Nicolaus began coverage on shares of Valvoline in a research report on Friday, December 20th. They issued a "hold" rating and a $42.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $38.00 price objective (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.40.

About Valvoline

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.