Virtu Financial LLC acquired a new stake in Valvoline Inc. (NYSE:VVV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,680 shares of the basic materials company's stock, valued at approximately $314,000.
Other hedge funds have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new position in Valvoline during the fourth quarter valued at approximately $36,000. ORG Partners LLC increased its holdings in shares of Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,050 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Valvoline in the 4th quarter valued at $77,000. Blue Trust Inc. boosted its holdings in Valvoline by 90.5% during the fourth quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock worth $92,000 after buying an additional 1,206 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in Valvoline by 560.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,556 shares of the basic materials company's stock valued at $92,000 after buying an additional 2,169 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.
Valvoline Price Performance
NYSE VVV traded up $0.26 during mid-day trading on Tuesday, hitting $35.07. The stock had a trading volume of 1,219,573 shares, compared to its average volume of 1,314,463. The firm's 50 day moving average is $36.73 and its 200 day moving average is $38.50. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.27.
Valvoline (NYSE:VVV - Get Free Report) last issued its 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 net margin of 16.34% and a return on equity of 143.64%. Equities research analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.
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 on 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 directly owns 15,305 shares of the company's stock, valued at $572,560.05. This trade represents a 28.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on VVV. JPMorgan Chase & Co. upped their price objective 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. Royal Bank of Canada upped their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Mizuho dropped their price objective on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $38.00 target price (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus started coverage on Valvoline in a research report on Friday, December 20th. They set a "hold" rating and a $42.00 target price on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.40.
Get Our Latest Stock Analysis on Valvoline
Valvoline Company Profile
(
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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