Bridgefront Capital LLC Acquires 11,621 Shares of Valvoline Inc. (NYSE:VVV)

Bridgefront Capital LLC grew its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 53.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,443 shares of the basic materials company's stock after buying an additional 11,621 shares during the period. Bridgefront Capital LLC's holdings in Valvoline were worth $1,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Valvoline by 52.4% in the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after buying an additional 18,414 shares during the period. Tidal Investments LLC increased its stake in Valvoline by 20.1% in the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company's stock valued at $2,275,000 after buying an additional 9,089 shares during the period. Diversified Trust Co bought a new position in Valvoline during the fourth quarter valued at approximately $382,000. Fulton Bank N.A. lifted its position in shares of Valvoline by 13.5% in the fourth quarter. Fulton Bank N.A. now owns 12,603 shares of the basic materials company's stock worth $456,000 after buying an additional 1,501 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in Valvoline by 3.2% during the 4th quarter. First Hawaiian Bank now owns 42,055 shares of the basic materials company's stock worth $1,522,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of VVV traded down $0.59 during trading hours on Wednesday, reaching $34.47. 1,766,646 shares of the company traded hands, compared to its average volume of 1,384,575. The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.49 and a beta of 1.20. 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 Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The business has a fifty day moving average price of $34.50 and a 200-day moving average price of $37.12.

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

Insider Activity at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen began coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 target price on the stock. TD Securities initiated coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective for the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $38.00 price target (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Four investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.67.

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.