California Public Employees Retirement System Has $10.86 Million Stock Holdings in Valvoline Inc. (NYSE:VVV)

California Public Employees Retirement System decreased its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,010 shares of the basic materials company's stock after selling 36,468 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of Valvoline worth $10,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VVV. Park Place Capital Corp purchased a new stake in Valvoline in the fourth quarter valued at approximately $26,000. CWM LLC boosted its holdings in shares of Valvoline by 127.1% in the 3rd quarter. CWM LLC now owns 1,465 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 820 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Valvoline during the 4th quarter valued at $57,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Valvoline during the 3rd quarter worth $60,000. Finally, Fifth Third Bancorp raised its position in shares of Valvoline by 20.3% in the 4th quarter. Fifth Third Bancorp now owns 1,876 shares of the basic materials company's stock worth $70,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Stock Up 0.1 %

VVV traded up $0.04 during trading hours on Thursday, reaching $42.54. 1,453,079 shares of the stock traded hands, compared to its average volume of 1,164,109. Valvoline Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $45.37. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 5.28 and a beta of 1.45. The company has a debt-to-equity ratio of 24.02, a current ratio of 2.24 and a quick ratio of 2.14. The firm's fifty day simple moving average is $43.08 and its two-hundred day simple moving average is $37.98.

Valvoline (NYSE:VVV - Get Free Report) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $373.40 million during the quarter, compared to the consensus estimate of $380.10 million. Valvoline had a return on equity of 41.83% and a net margin of 92.04%. The company's revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. As a group, analysts forecast that Valvoline Inc. will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

VVV has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on Valvoline from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Mizuho started coverage on Valvoline in a report on Tuesday, March 19th. They set a "buy" rating and a $50.00 target price for the company. Morgan Stanley upgraded shares of Valvoline from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $37.00 to $44.00 in a report on Tuesday, January 16th. Finally, Citigroup lifted their price target on shares of Valvoline from $36.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Valvoline currently has a consensus rating of "Moderate Buy" and an average target price of $42.75.

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.