Price T Rowe Associates Inc. MD decreased its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 689,726 shares of the basic materials company's stock after selling 193,743 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.54% of Valvoline worth $24,956,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in VVV. Dark Forest Capital Management LP bought a new stake in Valvoline in the fourth quarter valued at about $582,000. Hsbc Holdings PLC acquired a new stake in Valvoline during the fourth quarter valued at approximately $503,000. Tower Research Capital LLC TRC boosted its holdings in Valvoline by 181.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,148 shares of the basic materials company's stock valued at $476,000 after purchasing an additional 8,478 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Valvoline by 8.1% in the 4th quarter. MetLife Investment Management LLC now owns 78,338 shares of the basic materials company's stock valued at $2,834,000 after purchasing an additional 5,851 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Valvoline by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock worth $94,362,000 after buying an additional 6,871 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.
Valvoline Trading Up 0.8 %
Valvoline stock traded up $0.26 during mid-day trading on Friday, hitting $34.02. The stock had a trading volume of 1,404,602 shares, compared to its average volume of 1,382,862. The stock has a 50-day simple moving average of $34.63 and a two-hundred day simple moving average of $37.24. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $4.32 billion, a PE ratio of 16.28 and a beta of 1.20. Valvoline Inc. has a 12 month low of $31.02 and a 12 month 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 EPS 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%. As a group, sell-side analysts forecast that Valvoline Inc. will post 1.63 EPS for the current year.
Insider Activity
In related 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 trade represents a 28.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several brokerages recently commented on VVV. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Morgan Stanley reaffirmed an "equal weight" rating and issued a $38.00 target price (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Citigroup decreased their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. 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's stock. According to MarketBeat, Valvoline currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.
Check Out Our Latest Stock Analysis on Valvoline
Valvoline Company Profile
(
Free Report)
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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