Wellington Management Group LLP Decreases Holdings in Valvoline Inc. (NYSE:VVV)

Wellington Management Group LLP reduced its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,299,658 shares of the basic materials company's stock after selling 2,045,673 shares during the period. Wellington Management Group LLP owned about 1.02% of Valvoline worth $47,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Valvoline by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock worth $466,492,000 after purchasing an additional 101,834 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Valvoline by 11.1% in the fourth quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock valued at $391,405,000 after acquiring an additional 1,080,114 shares during the last quarter. Fiduciary Management Inc. WI boosted its holdings in Valvoline by 35.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock valued at $152,726,000 after acquiring an additional 1,096,486 shares during the last quarter. Alua Capital Management LP boosted its holdings in Valvoline by 5.1% in the fourth quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company's stock valued at $130,439,000 after acquiring an additional 175,848 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Valvoline by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock valued at $94,362,000 after acquiring an additional 6,871 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley dropped 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. TD Securities initiated 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. Wells Fargo & Company lowered their target price on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, TD Cowen assumed coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Valvoline Price Performance

NYSE VVV traded up $0.66 during trading hours on Friday, hitting $34.62. The company had a trading volume of 1,834,407 shares, compared to its average volume of 1,430,009. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The firm has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $36.21. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.56 and a beta of 1.20.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The business had revenue of $403.20 million during the quarter, compared to analysts' expectations of $405.38 million. During the same period in the previous year, the business earned $0.37 EPS. The business's revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In other Valvoline news, CEO Lori Ann Flees purchased 3,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, with a total value of $101,340.00. Following the acquisition, the chief executive officer now directly owns 46,614 shares in the company, valued at approximately $1,574,620.92. The trade was a 6.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company's stock.

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.