Sendero Wealth Management LLC increased its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,855 shares of the basic materials company's stock after purchasing an additional 7,075 shares during the period. Sendero Wealth Management LLC's holdings in Valvoline were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in 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 acquiring an additional 814 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Valvoline in the 4th quarter valued at $36,000. American National Bank & Trust acquired a new position in Valvoline in the 1st quarter valued at $40,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 814 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Valvoline in the 4th quarter valued at $49,000. 96.13% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on VVV shares. Citigroup lowered 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. TD Cowen started coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley reduced their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, Royal Bank of Canada boosted their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Valvoline currently has an average rating of "Moderate Buy" and an average target price of $42.54.
View Our Latest Stock Report on VVV
Valvoline Trading Up 0.4%
Shares of NYSE VVV traded up $0.13 during trading on Friday, reaching $36.67. The company had a trading volume of 825,263 shares, compared to its average volume of 1,443,001. The stock has a market cap of $4.66 billion, a P/E ratio of 17.55 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The company's fifty day moving average price is $34.25 and its 200-day moving average price is $36.06. Valvoline Inc. has a 12 month low of $31.02 and a 12 month high of $48.27.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, research analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current year.
Insider Activity
In other news, CEO Lori Ann Flees purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $33.78 per share, with a total value of $101,340.00. Following the purchase, the chief executive officer now owns 46,614 shares in the company, valued at $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is owned by company 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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