Janus Henderson Group PLC trimmed its position in Valvoline Inc. (NYSE:VVV - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 974,630 shares of the basic materials company's stock after selling 72,617 shares during the period. Janus Henderson Group PLC owned about 0.76% of Valvoline worth $35,262,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 814 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Valvoline in the 4th quarter valued at about $36,000. Aster Capital Management DIFC Ltd purchased a new position in Valvoline in the 4th quarter valued at about $49,000. Headlands Technologies LLC purchased a new position in Valvoline in the 4th quarter valued at about $73,000. Finally, Atala Financial Inc purchased a new position in Valvoline in the 4th quarter valued at about $77,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. TD Securities assumed coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price on the stock. Piper Sandler restated an "overweight" rating and issued a $44.00 target price (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. Morgan Stanley dropped their price objective on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Wells Fargo & Company dropped their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Citigroup dropped their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.33.
Read Our Latest Report on Valvoline
Insider Buying and Selling
In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the company'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 value of $224,460.00. Following the completion of the transaction, the insider now owns 15,305 shares in the company, valued at $572,560.05. This represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company's stock.
Valvoline Stock Up 0.0%
VVV opened at $34.90 on Thursday. The firm has a 50 day moving average price of $34.39 and a 200 day moving average price of $36.87. The company has a market cap of $4.44 billion, a PE ratio of 16.70 and a beta of 1.20. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27. 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 posted its 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). The business had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. Sell-side analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current year.
Valvoline Company Profile
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Free Report)
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.
Further Reading
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