Valvoline (NYSE:VVV) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Valvoline (NYSE:VVV - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,274 shares of the basic materials company's stock after selling 7,095 shares during the period. Bank of New York Mellon Corp owned 0.76% of Valvoline worth $33,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VVV. Huntington National Bank boosted its stake in shares of 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. Opal Wealth Advisors LLC bought a new stake in Valvoline in the 1st quarter valued at $35,000. American National Bank & Trust bought a new stake in shares of Valvoline in the 1st quarter worth about $40,000. Versant Capital Management Inc increased 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 worth $41,000 after buying an additional 814 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Valvoline in the 4th quarter worth about $49,000. 96.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Lori Ann Flees acquired 3,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the transaction, the chief executive officer owned 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VVV has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. TD Securities began coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Cfra Research upgraded shares of Valvoline to a "hold" rating in a research note on Monday, July 7th. Finally, The Goldman Sachs Group upgraded shares of Valvoline from a "hold" rating to a "buy" rating and increased their price objective for the company from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.54.

Valvoline Price Performance

VVV traded up $0.18 on Friday, reaching $36.41. 1,257,788 shares of the company's stock were exchanged, compared to its average volume of 1,535,682. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.73 and a quick ratio of 0.60. The stock's fifty day moving average price is $36.46 and its 200-day moving average price is $35.93. Valvoline has a twelve month low of $31.02 and a twelve month high of $47.08. The stock has a market cap of $4.63 billion, a PE ratio of 17.67 and a beta of 1.18.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings results 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). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The company had revenue of $403.20 million during the quarter, compared to analysts' expectations of $405.38 million. During the same period last year, the firm posted $0.37 earnings per share. Valvoline's revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Valvoline will post 1.63 EPS for the current 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.