Wells Fargo & Company MN reduced its position in Valvoline Inc. (NYSE:VVV - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,465 shares of the basic materials company's stock after selling 16,970 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Valvoline worth $3,888,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Valvoline by 52.4% during the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock worth $2,242,000 after buying an additional 18,414 shares during the period. Confluence Investment Management LLC acquired a new position in Valvoline during the 4th quarter worth approximately $9,095,000. Charles Schwab Investment Management Inc. increased its position in shares of Valvoline by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock valued at $59,435,000 after purchasing an additional 16,912 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Valvoline by 25.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company's stock valued at $349,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Valvoline in the 4th quarter valued at $223,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
Valvoline Stock Performance
NYSE:VVV traded down $0.14 during trading hours on Friday, reaching $34.69. 1,042,751 shares of the company's stock were exchanged, compared to its average volume of 1,373,635. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.60 and a beta of 1.32. The company has a 50-day moving average of $34.95 and a 200 day moving average of $37.51.
Valvoline (NYSE:VVV - Get Free Report) last announced its 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%. Research analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current year.
Analyst Ratings Changes
Several equities analysts recently commented on VVV shares. Morgan Stanley reissued 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. TD Securities began coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. Mizuho decreased their target price on Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada upped their price target on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, TD Cowen began coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. Four investment 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's stock. According to data from MarketBeat.com, Valvoline has a consensus rating of "Moderate Buy" and a consensus target price of $43.67.
Read Our Latest Analysis on Valvoline
Insider Activity
In related news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares in the company, valued at $572,560.05. This trade 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 available at this link. Corporate insiders own 0.66% of the company's stock.
Valvoline Company Profile
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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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