Wellington Management Group LLP Reduces Position in Valvoline Inc. (NYSE:VVV)

Wellington Management Group LLP cut its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,299,658 shares of the basic materials company's stock after selling 2,045,673 shares during the quarter. Wellington Management Group LLP owned approximately 1.02% of Valvoline worth $47,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank raised its holdings in Valvoline by 1,004.9% during the fourth 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 during the period. Centricity Wealth Management LLC bought a new stake in Valvoline during the fourth quarter valued at about $36,000. Aster Capital Management DIFC Ltd bought a new stake in Valvoline during the fourth quarter valued at about $49,000. Headlands Technologies LLC bought a new stake in Valvoline during the fourth quarter valued at about $73,000. Finally, Atala Financial Inc purchased a new position in shares of Valvoline during the fourth quarter valued at about $77,000. 96.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

VVV has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Valvoline in a research report on Tuesday. They set a "buy" rating and a $45.00 price objective for the company. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company dropped their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley dropped their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Four 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 an average rating of "Moderate Buy" and a consensus price target of $42.54.

Valvoline Trading Up 5.9%

Shares of Valvoline stock traded up $2.02 on Tuesday, hitting $36.38. 1,131,145 shares of the company traded hands, compared to its average volume of 1,429,315. The company has a market cap of $4.62 billion, a PE ratio of 17.41 and a beta of 1.20. Valvoline Inc. has a 52 week low of $31.02 and a 52 week 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's 50 day moving average price is $34.13 and its 200-day moving average price is $36.10.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 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 the consensus estimate of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Equities research analysts predict that Valvoline Inc. will post 1.63 EPS for the current year.

Insider Buying and Selling

In other Valvoline news, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 46,614 shares in the company, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by insiders.

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.