Hsbc Holdings PLC Purchases New Stake in Valvoline Inc. (NYSE:VVV)

Hsbc Holdings PLC acquired a new stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,885 shares of the basic materials company's stock, valued at approximately $503,000.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Valvoline by 181.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,148 shares of the basic materials company's stock worth $476,000 after buying an additional 8,478 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Valvoline by 8.1% in the 4th quarter. MetLife Investment Management LLC now owns 78,338 shares of the basic materials company's stock worth $2,834,000 after purchasing an additional 5,851 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Valvoline by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock worth $94,362,000 after purchasing an additional 6,871 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of 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 worth $152,726,000 after buying an additional 1,096,486 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of Valvoline during the 4th quarter worth $101,000. 96.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VVV has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley decreased their target price on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday. 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 on the stock. TD Securities initiated coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Finally, Citigroup decreased their price target on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.33.

Valvoline Trading Down 2.7 %

Valvoline stock traded down $0.90 during trading hours on Friday, reaching $33.00. 2,487,931 shares of the company's stock traded hands, compared to its average volume of 1,396,559. The firm's 50 day moving average is $34.42 and its 200-day moving average is $36.97. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.79 and a beta of 1.20. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.

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

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company's stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company's stock.

About Valvoline

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.