Wells Fargo & Company MN lowered its position in Valvoline Inc. (NYSE:VVV - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,465 shares of the basic materials company's stock after selling 16,970 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Valvoline worth $3,888,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of VVV. Arizona State Retirement System grew its stake in Valvoline by 0.8% in the 4th quarter. Arizona State Retirement System now owns 35,530 shares of the basic materials company's stock valued at $1,285,000 after buying an additional 281 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Valvoline by 10.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock valued at $128,000 after buying an additional 349 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Valvoline by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock worth $695,000 after buying an additional 373 shares in the last quarter. Choreo LLC boosted its position in shares of 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 during the period. Finally, Meridian Wealth Management LLC grew its stake in shares of 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.
Valvoline Price Performance
NYSE VVV traded down $0.24 on Friday, reaching $34.58. 646,366 shares of the company's stock traded hands, compared to its average volume of 1,370,407. The stock has a market cap of $4.40 billion, a PE ratio of 16.54 and a beta of 1.32. Valvoline Inc. has a 12 month low of $31.02 and a 12 month high of $48.27. The stock has a 50-day simple moving average of $35.02 and a 200 day simple moving average of $37.54. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58.
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 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%. As a group, research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on VVV. JPMorgan Chase & Co. lifted their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Mizuho reduced their price objective on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. TD Cowen started coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. Royal Bank of Canada raised their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, TD Securities initiated coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. Four analysts have rated the stock with a hold rating, eight have assigned 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 a consensus rating of "Moderate Buy" and a consensus target price of $43.67.
Get Our Latest Report on Valvoline
Insider Activity at Valvoline
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 stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.
Valvoline Company Profile
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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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