Tudor Investment Corp ET AL Buys 76,469 Shares of Valvoline Inc. (NYSE:VVV)

Tudor Investment Corp ET AL raised its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 386.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,248 shares of the basic materials company's stock after purchasing an additional 76,469 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of Valvoline worth $3,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VVV. Norges Bank purchased a new stake in shares of Valvoline during the fourth quarter valued at $54,114,000. Fiduciary Management Inc. WI lifted its stake in Valvoline by 35.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock valued at $152,726,000 after acquiring an additional 1,096,486 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Valvoline by 11.1% during the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock valued at $391,405,000 after acquiring an additional 1,080,114 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Valvoline in the fourth quarter worth approximately $35,051,000. Finally, Marshall Wace LLP raised its holdings in shares of Valvoline by 697.1% during the fourth quarter. Marshall Wace LLP now owns 1,058,267 shares of the basic materials company's stock valued at $38,288,000 after purchasing an additional 925,504 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction 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 owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VVV. Royal Bank of Canada raised their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. TD Cowen initiated coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company reduced their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Mizuho dropped their target price on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Finally, Citigroup reduced their price target on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.67.

Valvoline Price Performance

Shares of NYSE VVV traded up $0.60 during mid-day trading on Tuesday, reaching $35.06. The company's stock had a trading volume of 1,497,999 shares, compared to its average volume of 1,385,009. The stock has a fifty day moving average of $34.58 and a two-hundred day moving average of $37.16. The firm has a market capitalization of $4.46 billion, a PE ratio of 16.77 and a beta of 1.20. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Valvoline 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.