Valvoline Inc. (NYSE:VVV) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,161,652 shares of the basic materials company's stock after buying an additional 226,085 shares during the period. Northern Trust Corp owned about 0.91% of Valvoline worth $42,029,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Huntington National Bank raised its stake in shares of 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 in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Valvoline during the fourth quarter valued at approximately $36,000. ORG Partners LLC raised its stake in shares of Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 1,050 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Valvoline during the fourth quarter valued at approximately $49,000. Finally, Headlands Technologies LLC bought a new stake in shares of Valvoline during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of NYSE:VVV traded up $1.97 during midday trading on Monday, hitting $34.97. The stock had a trading volume of 3,255,107 shares, compared to its average volume of 1,403,994. The company has a market capitalization of $4.44 billion, a PE ratio of 16.73 and a beta of 1.20. The stock has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $36.94. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last announced 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 business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, equities analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In related 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 shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the transaction, the insider now owns 15,305 shares of the company's stock, valued at approximately $572,560.05. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced 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. Citigroup dropped their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. 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 report on Friday. TD Cowen assumed coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valvoline presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

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.