Valvoline Inc. (NYSE:VVV) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 36.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,602 shares of the basic materials company's stock after acquiring an additional 10,683 shares during the quarter. Victory Capital Management Inc.'s holdings in Valvoline were worth $1,433,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in Valvoline in the 4th quarter valued at $36,000. Prospera Private Wealth LLC acquired a new position in Valvoline in the 3rd quarter valued at $41,000. ORG Partners LLC increased its stake in Valvoline by 466.7% in the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after buying an additional 1,050 shares during the period. Blue Trust Inc. increased its stake in Valvoline by 90.5% in the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock valued at $92,000 after buying an additional 1,206 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Valvoline in the 3rd quarter valued at $97,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. This represents a 28.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by corporate insiders.

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Valvoline Price Performance

Shares of Valvoline stock traded down $0.34 on Friday, hitting $35.28. The company's stock had a trading volume of 2,066,191 shares, compared to its average volume of 1,271,106. The firm has a fifty day moving average price of $36.86 and a 200-day moving average price of $38.75. Valvoline Inc. has a 52-week low of $33.90 and a 52-week high of $48.27. The company has a market capitalization of $4.48 billion, a P/E ratio of 16.88 and a beta of 1.48. 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 (NYSE:VVV - Get Free Report) last announced its earnings results 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%. On average, equities research analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on VVV. JPMorgan Chase & Co. boosted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and set a $38.00 target price (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Stifel Nicolaus began coverage on shares of Valvoline in a research report on Friday, December 20th. They set a "hold" rating and a $42.00 target price on the stock. Mizuho decreased their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada boosted their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Four 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 company's stock. According to MarketBeat.com, the company 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.