Nomura Holdings Inc. purchased a new position in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,099 shares of the basic materials company's stock, valued at approximately $619,000.
Other large investors have also bought and sold shares of the company. Huntington National Bank grew its position in Valvoline by 1,004.9% during the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after acquiring an additional 814 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Valvoline during the 4th quarter worth approximately $36,000. Aster Capital Management DIFC Ltd bought a new stake in Valvoline during the 4th quarter worth approximately $49,000. Headlands Technologies LLC bought a new stake in Valvoline during the 4th quarter worth approximately $73,000. Finally, Atala Financial Inc bought a new stake in Valvoline during the 4th quarter worth approximately $77,000. 96.13% of the stock is currently owned by institutional investors.
Valvoline Trading Down 0.5%
Shares of NYSE:VVV traded down $0.17 during midday trading on Friday, hitting $34.03. The company had a trading volume of 1,277,945 shares, compared to its average volume of 1,422,857. Valvoline Inc. has a 12 month low of $31.02 and a 12 month high of $48.27. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.20. The firm has a fifty day simple moving average of $34.33 and a 200 day simple moving average of $36.60.
Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Valvoline Inc. will post 1.63 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently commented on VVV. Royal Bank of Canada increased their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Citigroup decreased their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. 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 research report on Monday, April 28th. Four investment 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 stock. Based on data from MarketBeat.com, Valvoline has a consensus rating of "Moderate Buy" and an average target price of $42.33.
Get Our Latest Research Report on VVV
Insider Transactions at Valvoline
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.
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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