M&T Bank Corp lowered its position in shares of Valvoline (NYSE:VVV - Free Report) by 51.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,240 shares of the basic materials company's stock after selling 22,481 shares during the quarter. M&T Bank Corp's holdings in Valvoline were worth $739,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VVV. Huntington National Bank boosted its holdings in shares of Valvoline by 1,004.9% in the 4th 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 during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Valvoline in the 1st quarter valued at approximately $35,000. American National Bank & Trust acquired a new stake in shares of Valvoline in the 1st quarter valued at approximately $40,000. Versant Capital Management Inc boosted its holdings in shares of Valvoline by 221.8% in the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock valued at $41,000 after buying an additional 814 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Valvoline in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 96.13% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on VVV shares. The Goldman Sachs Group raised 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 report on Tuesday, June 3rd. TD Securities started coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. 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 report on Monday, April 28th. Cfra Research raised Valvoline to a "hold" rating in a report on Monday, July 7th. Finally, Citigroup cut their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.54.
View Our Latest Research Report on VVV
Insider Buying and Selling
In related news, CEO Lori Ann Flees purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $33.78 per share, with a total value of $101,340.00. Following the completion of the purchase, the chief executive officer directly owned 46,614 shares in the company, valued at $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by company insiders.
Valvoline Stock Performance
Shares of VVV traded up $0.07 during midday trading on Friday, reaching $36.30. 380,102 shares of the stock were exchanged, compared to its average volume of 1,529,592. Valvoline has a twelve month low of $31.02 and a twelve month high of $47.58. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 4.23. The company has a market cap of $4.61 billion, a P/E ratio of 17.61 and a beta of 1.18. The stock's 50 day simple moving average is $36.39 and its 200 day simple moving average is $35.93.
Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The company had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, sell-side analysts expect that Valvoline will post 1.63 earnings per share for the current year.
About Valvoline
(
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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