Leavell Investment Management Inc. decreased its stake in Valvoline Inc. (NYSE:VVV – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,236 shares of the basic materials company’s stock after selling 1,000 shares during the period. Leavell Investment Management Inc.’s holdings in Valvoline were worth $370,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in VVV. Prospera Private Wealth LLC bought a new stake in shares of Valvoline in the 3rd quarter worth approximately $41,000. ORG Partners LLC raised its stake in Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,050 shares in the last quarter. Blue Trust Inc. raised its stake in Valvoline by 83.0% during the 3rd quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 604 shares in the last quarter. Vestor Capital LLC bought a new stake in Valvoline during the 3rd quarter valued at $69,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Valvoline during the 3rd quarter valued at $97,000. Institutional investors own 96.13% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on VVV. Royal Bank of Canada lifted 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. 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. JPMorgan Chase & Co. lifted their price target on Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird lowered their price target on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.40.
Insider Activity at Valvoline
In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares in the company, valued at $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lori Ann Flees bought 2,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares of the company’s stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.
Valvoline Stock Down 1.0 %
NYSE:VVV opened at $39.69 on Friday. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 18.99 and a beta of 1.45. Valvoline Inc. has a 1-year low of $33.90 and a 1-year high of $48.26. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 4.39. The business’s fifty day moving average price is $37.09 and its 200 day moving average price is $39.76.
Valvoline (NYSE:VVV – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. On average, sell-side analysts forecast that Valvoline Inc. will post 1.64 earnings per share for the current fiscal year.
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.
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