Valvoline Inc. (NYSE:VVV) Stock Position Raised by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,116 shares of the basic materials company's stock after buying an additional 46,188 shares during the period. Mawer Investment Management Ltd. owned about 0.12% of Valvoline worth $5,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of VVV. Invesco Ltd. lifted its stake in Valvoline by 29.1% during the 3rd quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company's stock worth $130,257,000 after acquiring an additional 911,073 shares in the last quarter. Alua Capital Management LP boosted its stake in shares of Valvoline by 24.7% in the third quarter. Alua Capital Management LP now owns 2,935,539 shares of the basic materials company's stock valued at $94,642,000 after purchasing an additional 582,400 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Valvoline by 11.1% in the third quarter. Lord Abbett & CO. LLC now owns 2,767,848 shares of the basic materials company's stock valued at $89,235,000 after purchasing an additional 276,506 shares in the last quarter. Scharf Investments LLC grew its holdings in shares of Valvoline by 9.0% in the fourth quarter. Scharf Investments LLC now owns 2,655,463 shares of the basic materials company's stock valued at $99,792,000 after purchasing an additional 218,508 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Valvoline by 6.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,891,023 shares of the basic materials company's stock worth $60,967,000 after buying an additional 107,015 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Valvoline Stock Up 0.1 %

Shares of NYSE VVV traded up $0.06 during midday trading on Friday, hitting $42.00. 1,193,002 shares of the company's stock were exchanged, compared to its average volume of 1,168,174. The firm's fifty day simple moving average is $43.17 and its 200-day simple moving average is $38.50. The company has a market cap of $5.45 billion, a PE ratio of 33.33 and a beta of 1.45. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $45.37. The company has a debt-to-equity ratio of 15.83, a current ratio of 0.73 and a quick ratio of 2.14.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $388.70 million for the quarter, compared to analyst estimates of $390.75 million. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The firm's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. Research analysts predict that Valvoline Inc. will post 1.62 EPS for the current fiscal year.

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.