1 week Ago By Defense World Staff
Alliancebernstein L.P. lowered its stake in Valvoline Inc.
( NYSE:VVV – Free Report ) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,812 shares of the basic materials company’s stock after selling 778 shares during the quarter.
Alliancebernstein L.P. owned approximately 0.
13% of Valvoline worth $6,071,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its position in shares of Valvoline by 4.
6% in the third quarter. HighTower Advisors LLC now owns 34,685 shares of the basic materials company’s stock valued at $1,450,000 after acquiring an additional 1,537 shares during the period. Quantinno Capital Management LP lifted its stake in Valvoline by 23.
7% in the 3rd quarter. Quantinno Capital Management LP now owns 24,203 shares of the basic materials company’s stock worth $1,013,000 after purchasing an additional 4,639 shares in the last quarter. Stifel Financial Corp boosted its holdings in Valvoline by 21.
1% in the 3rd quarter. Stifel Financial Corp now owns 68,932 shares of the basic materials company’s stock valued at $2,885,000 after purchasing an additional 11,999 shares during the period. State Street Corp grew its position in shares of Valvoline by 0.
4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock valued at $171,436,000 after purchasing an additional 16,916 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Valvoline by 72.
0% in the third quarter. Jane Street Group LLC now owns 98,529 shares of the basic materials company’s stock worth $4,123,000 after purchasing an additional 41,245 shares during the period. Hedge funds and other institutional investors own 96.
13% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently issued reports on VVV. Stifel Nicolaus started coverage on Valvoline in a research note on Friday, December 20th.
They set a “hold” rating and a $42.00 price objective for the company. TD Cowen assumed coverage on Valvoline in a research report on Friday, April 4th.
They set a “buy” rating and a $40.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.
00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. TD Securities began coverage on shares of Valvoline in a research note on Friday, April 4th.
They issued a “buy” rating and a $40.00 target price on the stock. Finally, JPMorgan Chase & Co.
boosted their price target on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th.
Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.
Valvoline Stock Performance NYSE VVV opened at $34.00 on Friday. The company has a 50-day simple moving average of $36.
02 and a two-hundred day simple moving average of $37.99. Valvoline Inc.
has a 12-month low of $31.02 and a 12-month high of $48.27.
The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 16.27 and a beta of 1.
32. The company has a quick ratio of 0.58, a current ratio of 0.
70 and a debt-to-equity ratio of 4.39. Valvoline ( NYSE:VVV – Get Free Report ) last issued its 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, equities analysts forecast that Valvoline Inc. will post 1.
63 EPS for the current year. Insider Transactions at Valvoline In other news, insider Julie Marie O’daniel sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.
41, for a total transaction 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 represents a 28.16 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Company insiders own 0.66% of the company’s stock.
Valvoline Profile ( 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 Five stocks we like better than Valvoline Best Aerospace Stocks Investing Robinhood Strategies Could Be a Game-Changer for Young Investors How to Choose Top Rated Stocks Are These 3 Retail Stocks Oversold or Really in Trouble? Find and Profitably Trade Stocks at 52-Week Lows IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.
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