Barclays PLC Acquires 145,205 Shares of Valvoline Inc. (NYSE:VVV)

Barclays PLC boosted its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 271.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,785 shares of the basic materials company's stock after acquiring an additional 145,205 shares during the period. Barclays PLC owned 0.15% of Valvoline worth $7,192,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Huntington National Bank lifted its position in Valvoline by 1,004.9% during the 4th 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 during the period. Centricity Wealth Management LLC purchased a new position in Valvoline during the 4th quarter valued at about $36,000. ORG Partners LLC lifted its position in Valvoline by 466.7% during the 4th 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 during the period. Aster Capital Management DIFC Ltd purchased a new position in Valvoline during the 4th quarter valued at about $49,000. Finally, Headlands Technologies LLC purchased a new position in Valvoline during the 4th quarter valued at about $73,000. 96.13% of the stock is owned by hedge funds and other institutional investors.

Valvoline Stock Performance

Shares of VVV stock traded up $0.16 during trading hours on Wednesday, reaching $34.25. The company had a trading volume of 1,212,775 shares, compared to its average volume of 1,377,542. The business has a fifty day moving average price of $34.76 and a 200-day moving average price of $37.38. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm has a market cap of $4.35 billion, a PE ratio of 16.39 and a beta of 1.32. Valvoline Inc. has a one year low of $31.02 and a one year high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Sell-side analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VVV. Wells Fargo & Company decreased their target price on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday. Citigroup decreased their target price on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday. Mizuho decreased their target price on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, January 6th. TD Securities began coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Four equities 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.

Insider Buying and Selling

In related news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company's stock, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by insiders.

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.