CIBC Private Wealth Group LLC Has $18.01 Million Stake in Valvoline Inc. (NYSE:VVV)

CIBC Private Wealth Group LLC reduced its holdings in Valvoline Inc. (NYSE:VVV) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 516,416 shares of the basic materials company’s stock after selling 43,135 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.40% of Valvoline worth $18,007,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Citigroup Inc. grew its holdings in Valvoline by 15.0% in the 3rd quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company’s stock valued at $4,796,000 after buying an additional 14,962 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Valvoline by 9.2% in the third quarter. Cerity Partners LLC now owns 29,498 shares of the basic materials company’s stock worth $1,234,000 after acquiring an additional 2,482 shares during the last quarter. BNP Paribas Financial Markets increased its position in Valvoline by 7.3% during the third quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company’s stock worth $3,109,000 after acquiring an additional 5,030 shares during the period. Kestra Investment Management LLC acquired a new position in Valvoline during the 3rd quarter valued at $413,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Valvoline in the 3rd quarter valued at $97,000. 96.13% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 completion of the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by corporate insiders.

Valvoline Stock Performance

Valvoline stock opened at $34.86 on Tuesday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 16.68 and a beta of 1.48. The stock has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $38.54. Valvoline Inc. has a 52-week low of $33.90 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) last posted 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%. As a group, analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VVV. Stifel Nicolaus initiated coverage on shares of Valvoline in a research report on Friday, December 20th. They set a “hold” rating and a $42.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Mizuho decreased their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada boosted their price objective on Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 target price (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

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.