Congress Wealth Management LLC DE Has $14.93 Million Stock Holdings in Valvoline Inc. (NYSE:VVV)

Congress Wealth Management LLC DE trimmed its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.32% of Valvoline worth $14,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VVV. Victory Capital Management Inc. increased its position in shares of Valvoline by 6.5% during the 3rd quarter. Victory Capital Management Inc. now owns 28,919 shares of the basic materials company's stock worth $1,210,000 after purchasing an additional 1,761 shares in the last quarter. Thrivent Financial for Lutherans increased 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 worth $2,844,000 after buying an additional 36,814 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Valvoline by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,625,842 shares of the basic materials company's stock valued at $68,041,000 after purchasing an additional 19,877 shares during the last quarter. Raymond James Trust N.A. lifted its position in Valvoline by 4.1% during the 3rd quarter. Raymond James Trust N.A. now owns 13,871 shares of the basic materials company's stock worth $581,000 after buying an additional 540 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Valvoline by 15.0% during the third quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company's stock valued at $4,796,000 after purchasing an additional 14,962 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

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Valvoline Price Performance

Shares of VVV stock traded down $1.05 during trading hours on Tuesday, reaching $34.87. The company's stock had a trading volume of 1,730,039 shares, compared to its average volume of 1,274,017. Valvoline Inc. has a fifty-two week low of $33.90 and a fifty-two week high of $48.27. The firm's 50 day simple moving average is $36.87 and its 200-day simple moving average is $38.69. 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 $4.43 billion, a price-to-earnings ratio of 16.68 and a beta of 1.48.

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 return on equity of 143.64% and a net margin of 16.34%. Sell-side analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling

In other Valvoline 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 value of $224,460.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Mizuho lowered their price objective on Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley reissued an "equal weight" rating and issued a $38.00 target price (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Stifel Nicolaus assumed coverage on Valvoline in a research note on Friday, December 20th. They issued a "hold" rating and a $42.00 price target for the company. Finally, JPMorgan Chase & Co. lifted 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.