Twinbeech Capital LP Sells 70,132 Shares of Valvoline Inc. (NYSE:VVV)

Twinbeech Capital LP lowered its position in Valvoline Inc. (NYSE:VVV - Free Report) by 65.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,076 shares of the basic materials company's stock after selling 70,132 shares during the period. Twinbeech Capital LP's holdings in Valvoline were worth $1,341,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position 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 worth $2,242,000 after acquiring an additional 18,414 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Valvoline by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after acquiring an additional 16,912 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Valvoline in the 4th quarter worth approximately $223,000. Avantax Advisory Services Inc. raised its position in shares of Valvoline by 33.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock worth $576,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Valvoline by 24.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company's stock worth $319,000 after buying an additional 1,753 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

Insider Transactions at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the firm's 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 transaction, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VVV shares. JPMorgan Chase & Co. upped their price target on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley cut their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company cut their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, TD Securities started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Valvoline presently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Valvoline Stock Performance

Shares of VVV opened at $33.64 on Thursday. The business's fifty day simple moving average is $34.37 and its two-hundred day simple moving average is $36.65. The company has a current ratio of 0.70, a quick ratio of 0.58 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 company has a market cap of $4.28 billion, a price-to-earnings ratio of 16.09 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last issued its earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $403.20 million for the quarter, compared to analysts' expectations of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. Research analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

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.

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