CW Advisors LLC Sells 404,329 Shares of Valvoline $VVV

Key Points

• CW Advisors LLC significantly reduced its holdings in Valvoline by 98%, selling 404,329 shares and leaving them with just 8,419 shares valued at approximately $293,000.
• Valvoline's CFO, J Kevin Willis, purchased 12,725 shares at an average price of $39.41, increasing his ownership significantly, while insiders currently hold 0.66% of the stock.
• Valvoline reported earnings of $0.47 EPS for the most recent quarter, surpassing analyst estimates, while its stock price remains within a 12-month range of $31.01 to $43.74.

CW Advisors LLC decreased its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 98.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,419 shares of the basic materials company's stock after selling 404,329 shares during the period. CW Advisors LLC's holdings in Valvoline were worth $293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Valvoline during the first quarter valued at approximately $35,000. American National Bank & Trust bought a new stake in shares of Valvoline during the first quarter valued at approximately $40,000. Versant Capital Management Inc increased its position in shares of Valvoline by 221.8% during the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 814 shares in the last quarter. CWM LLC increased its position in shares of Valvoline by 50.8% during the first quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock valued at $50,000 after acquiring an additional 485 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Valvoline by 145.4% during the first quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 907 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Insider Activity

In other Valvoline news, CFO J Kevin Willis acquired 12,725 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the transaction, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Valvoline Stock Performance

NYSE:VVV traded down $0.39 during trading hours on Friday, reaching $38.67. The company had a trading volume of 1,527,090 shares, compared to its average volume of 1,654,187. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. Valvoline has a 52 week low of $31.01 and a 52 week high of $43.74. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 24.39 and a beta of 1.21. The firm's 50 day moving average price is $37.89 and its 200-day moving average price is $36.11.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm's revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Valvoline will post 1.63 EPS for the current year.

Analyst Ratings Changes

VVV has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and raised their price target for the company from $40.00 to $45.00 in a research report on Tuesday, June 3rd. Cfra Research raised shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of Valvoline from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research raised shares of Valvoline to a "hold" rating in a research report on Tuesday, August 12th. Finally, Stephens raised their price target on shares of Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.31.

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.