Wellington Management Group LLP Reduces Stock Holdings in Valvoline Inc. (NYSE:VVV)

Wellington Management Group LLP lowered its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,299,658 shares of the basic materials company's stock after selling 2,045,673 shares during the quarter. Wellington Management Group LLP owned approximately 1.01% of Valvoline worth $47,022,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of VVV. Arizona State Retirement System boosted its holdings in Valvoline by 0.8% during the fourth quarter. Arizona State Retirement System now owns 35,530 shares of the basic materials company's stock worth $1,285,000 after buying an additional 281 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Valvoline by 10.9% during the fourth quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock worth $128,000 after buying an additional 349 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Valvoline by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares during the period. Choreo LLC raised its holdings in Valvoline by 2.5% in the fourth quarter. Choreo LLC now owns 16,260 shares of the basic materials company's stock valued at $589,000 after acquiring an additional 396 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in Valvoline by 5.7% in the fourth quarter. Meridian Wealth Management LLC now owns 7,615 shares of the basic materials company's stock valued at $276,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on VVV shares. Mizuho lowered their price objective 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. Royal Bank of Canada boosted their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. TD Securities began coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 target price for the company. JPMorgan Chase & Co. upped 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. Finally, Morgan Stanley reiterated 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. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.67.

Valvoline Trading Down 3.2 %

Shares of VVV traded down $1.06 during trading hours on Thursday, hitting $32.26. 368,428 shares of the stock traded hands, compared to its average volume of 1,343,453. 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 Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. The firm has a market capitalization of $4.10 billion, a PE ratio of 15.43 and a beta of 1.32. The business has a fifty day moving average of $36.15 and a 200-day moving average of $38.10.

Valvoline (NYSE:VVV - Get Free Report) last released 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 return on equity of 143.64% and a net margin of 16.34%. Analysts expect that Valvoline Inc. will post 1.63 EPS for the current year.

Insider Buying and Selling 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 transaction of $224,460.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.66% of the company's stock.

Valvoline Profile

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.