1 week Ago By ABMN Staff
Pictet Asset Management Holding SA boosted its holdings in Valvoline Inc. ( NYSE:VVV – Free Report ) by 26.1% in the fourth quarter, Holdings Channel.
com reports. The institutional investor owned 21,434 shares of the basic materials company’s stock after acquiring an additional 4,438 shares during the period. Pictet Asset Management Holding SA’s holdings in Valvoline were worth $775,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in shares of Valvoline in the fourth quarter worth approximately $36,000. ORG Partners LLC boosted its holdings in Valvoline by 466.
7% in the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,050 shares during the last quarter. Atala Financial Inc bought a new stake in Valvoline in the 4th quarter worth approximately $77,000.
Blue Trust Inc. raised its stake in Valvoline by 90.5% during the 4th quarter.
Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock valued at $92,000 after buying an additional 1,206 shares during the last quarter. Finally, 1620 Investment Advisors Inc.
raised its stake in Valvoline by 560.5% during the 4th quarter. 1620 Investment Advisors Inc.
now owns 2,556 shares of the basic materials company’s stock valued at $92,000 after buying an additional 2,169 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.
Valvoline Trading Down 4.3 % Shares of Valvoline stock opened at $33.04 on Tuesday.
Valvoline Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $48.
27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.
58 and a current ratio of 0.70. The company has a market capitalization of $4.
20 billion, a P/E ratio of 15.81 and a beta of 1.32.
The company has a fifty day moving average of $36.55 and a 200 day moving average of $38.31.
Analyst Ratings Changes Several brokerages recently commented on VVV. TD Securities initiated coverage on Valvoline in a report on Friday. They issued a “buy” rating and a $40.
00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Valvoline from $37.
00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Mizuho lowered their price objective on shares of Valvoline from $46.
00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Valvoline in a research report on Friday, December 20th.
They set a “hold” rating and a $42.00 target price for the company. Finally, TD Cowen started coverage on shares of Valvoline in a research report on Friday.
They issued a “buy” rating and a $40.00 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 assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.67. Get Our Latest Stock Analysis on Valvoline Insider Buying and Selling at Valvoline In other Valvoline 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 transaction, the insider now owns 15,305 shares of the company’s stock, valued at $572,560.05. This represents a 28.
16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . 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.
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