2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. decreased its holdings in shares of Valvoline Inc. ( NYSE:VVV – Free Report ) by 4.
7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 299,995 shares of the basic materials company’s stock after selling 14,746 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in Valvoline were worth $10,854,000 at the end of the most recent quarter. Other large investors also recently made changes to their positions in the company.
Geode Capital Management LLC grew its stake in shares of Valvoline by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock worth $93,215,000 after purchasing an additional 54,545 shares during the period.
Barclays PLC boosted its holdings in 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 last quarter.
Confluence Investment Management LLC acquired a new position in shares of Valvoline during the 4th quarter worth about $9,095,000. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 16,912 shares during the last quarter.
Finally, Jane Street Group LLC raised its position in shares of Valvoline by 72.0% in the 3rd quarter. Jane Street Group LLC now owns 98,529 shares of the basic materials company’s stock valued at $4,123,000 after acquiring an additional 41,245 shares during the period.
Institutional investors and hedge funds own 96.13% of the company’s stock. Analyst Ratings Changes VVV has been the subject of a number of analyst reports.
Morgan Stanley restated an “equal weight” rating and set a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st.
TD Securities started coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a “buy” rating and a $40.00 price objective for the company.
Mizuho dropped their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th.
Royal Bank of Canada boosted their target price on Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.
Finally, Stifel Nicolaus initiated coverage on Valvoline in a research report on Friday, December 20th. They set a “hold” rating and a $42.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.
Valvoline Stock Up 0.8 % Shares of Valvoline stock opened at $33.47 on Friday.
The firm has a market cap of $4.25 billion, a PE ratio of 16.01 and a beta of 1.
32. The business’s 50 day simple moving average is $35.62 and its 200 day simple moving average is $37.
79. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.
58 and a current ratio of 0.70. Valvoline Inc.
has a 52-week low of $31.02 and a 52-week high of $48.27.
Valvoline ( NYSE:VVV – Get Free Report ) last posted 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%. On average, analysts predict that Valvoline Inc.
will post 1.63 earnings per share for the current fiscal year. Insider Buying and Selling at Valvoline In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Company insiders own 0.
66% of the company’s stock. About Valvoline ( 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.
See Also Want to see what other hedge funds are holding VVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valvoline Inc. ( NYSE:VVV – Free Report ).
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