The Manufacturers Life Insurance Company Reduces Stock Position in Valvoline Inc. (NYSE:VVV)

The Manufacturers Life Insurance Company reduced its position in Valvoline Inc. (NYSE:VVV - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,168,250 shares of the basic materials company's stock after selling 10,421 shares during the period. The Manufacturers Life Insurance Company owned 0.91% of Valvoline worth $42,267,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VVV. Barclays PLC lifted its stake in Valvoline by 52.4% in the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after buying an additional 18,414 shares during the last quarter. Invst LLC raised its position in Valvoline by 3.7% in the 3rd quarter. Invst LLC now owns 15,931 shares of the basic materials company's stock valued at $667,000 after purchasing an additional 563 shares during the last quarter. Tidal Investments LLC boosted its stake in Valvoline by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company's stock worth $2,275,000 after purchasing an additional 9,089 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Valvoline during the 3rd quarter worth $2,554,000. Finally, Tyro Capital Management LLC increased its stake in Valvoline by 0.6% in the third quarter. Tyro Capital Management LLC now owns 346,228 shares of the basic materials company's stock valued at $14,490,000 after purchasing an additional 2,100 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Valvoline Price Performance

Shares of NYSE VVV traded up $0.26 during midday trading on Friday, hitting $34.02. The company had a trading volume of 1,404,602 shares, compared to its average volume of 1,382,862. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.28 and a beta of 1.20. Valvoline Inc. has a twelve month low of $31.02 and a twelve month high of $48.27. The business has a 50-day simple moving average of $34.63 and a two-hundred day simple moving average of $37.28. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly 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 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on VVV. Morgan Stanley reissued an "equal weight" rating and set a $38.00 price target (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. TD Securities began coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. Mizuho lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Four investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $42.67.

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.