Schonfeld Strategic Advisors LLC Has $2.17 Million Holdings in Valvoline Inc. (NYSE:VVV)

Schonfeld Strategic Advisors LLC trimmed its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 68.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,094 shares of the basic materials company's stock after selling 129,011 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Valvoline were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Northern Trust Corp increased its position in Valvoline by 24.2% during the fourth quarter. Northern Trust Corp now owns 1,161,652 shares of the basic materials company's stock worth $42,029,000 after buying an additional 226,085 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Valvoline by 386.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 96,248 shares of the basic materials company's stock valued at $3,482,000 after acquiring an additional 76,469 shares during the last quarter. Quarry LP lifted its holdings in Valvoline by 1,175.5% in the 4th quarter. Quarry LP now owns 3,125 shares of the basic materials company's stock worth $113,000 after purchasing an additional 2,880 shares during the last quarter. Aquatic Capital Management LLC boosted its position in Valvoline by 145.4% during the fourth quarter. Aquatic Capital Management LLC now owns 19,631 shares of the basic materials company's stock worth $710,000 after purchasing an additional 11,631 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in shares of Valvoline in the fourth quarter valued at approximately $255,000. Institutional investors own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup dropped their target price 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. TD Cowen started coverage on Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 target price for the company. Wells Fargo & Company cut their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Mizuho reduced their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Valvoline presently has an average rating of "Moderate Buy" and a consensus target price of $42.67.

Insider Transactions at Valvoline

In other 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 transaction, the insider now directly owns 15,305 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.66% of the company's stock.

Valvoline Stock Up 1.5 %

VVV opened at $34.49 on Tuesday. Valvoline Inc. has a twelve month low of $31.02 and a twelve month high of $48.27. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 16.50 and a beta of 1.20. The firm's 50-day simple moving average is $34.58 and its 200-day simple moving average is $37.16. 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, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Equities research analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

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.

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