ArrowMark Colorado Holdings LLC Invests $3.51 Million in Valvoline Inc. (NYSE:VVV)

ArrowMark Colorado Holdings LLC purchased a new position in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 96,910 shares of the basic materials company's stock, valued at approximately $3,506,000. ArrowMark Colorado Holdings LLC owned 0.08% of Valvoline as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VVV. Huntington National Bank increased its holdings in Valvoline by 1,004.9% in the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock valued at $32,000 after buying an additional 814 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Valvoline in the 4th quarter worth approximately $36,000. ORG Partners LLC raised its holdings in Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock worth $46,000 after purchasing an additional 1,050 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Valvoline in the fourth quarter valued at $49,000. Finally, Headlands Technologies LLC acquired a new position in shares of Valvoline during the 4th quarter worth $73,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Transactions at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline stock in a transaction 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 completion of the transaction, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. The trade was a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.66% of the company's stock.

Valvoline Trading Down 1.7 %

Shares of NYSE:VVV traded down $0.59 during trading on Wednesday, reaching $34.47. 1,766,646 shares of the stock were exchanged, compared to its average volume of 1,384,575. Valvoline Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The firm's 50-day moving average price is $34.55 and its 200 day moving average price is $37.14. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 16.49 and a beta of 1.20. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Citigroup cut their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. TD Cowen initiated coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $38.00 price target (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Four equities research 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. According to MarketBeat, Valvoline currently has an average rating of "Moderate Buy" and a consensus price target of $42.67.

Valvoline Company 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.