New York Life Investment Management LLC Grows Holdings in Valvoline Inc. (NYSE:VVV)

New York Life Investment Management LLC increased its position in shares of Valvoline Inc. (NYSE:VVVFree Report) by 104.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,626 shares of the basic materials company’s stock after acquiring an additional 8,985 shares during the period. New York Life Investment Management LLC’s holdings in Valvoline were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Valvoline by 2.4% in the 1st quarter. State Street Corp now owns 4,946,126 shares of the basic materials company’s stock worth $156,100,000 after buying an additional 115,558 shares during the last quarter. D1 Capital Partners L.P. increased its holdings in shares of Valvoline by 242.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,600,031 shares of the basic materials company’s stock worth $97,527,000 after buying an additional 1,840,031 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Valvoline by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,490,799 shares of the basic materials company’s stock worth $93,430,000 after buying an additional 78,905 shares during the last quarter. Norges Bank bought a new position in shares of Valvoline in the 4th quarter worth $60,299,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Valvoline by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,811,059 shares of the basic materials company’s stock worth $59,131,000 after buying an additional 58,149 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 1,002 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.00, for a total transaction of $35,070.00. Following the completion of the sale, the insider now owns 24,981 shares of the company’s stock, valued at approximately $874,335. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Julie Marie O’daniel sold 1,002 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.00, for a total value of $35,070.00. Following the completion of the sale, the insider now directly owns 24,981 shares of the company’s stock, valued at approximately $874,335. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Robert Travis Dobbins sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $34.49, for a total transaction of $68,980.00. Following the completion of the sale, the chief technology officer now directly owns 12,478 shares of the company’s stock, valued at $430,366.22. The disclosure for this sale can be found here. Insiders sold 12,002 shares of company stock valued at $414,640 in the last quarter. Company insiders own 1.34% of the company’s stock.

Valvoline Price Performance

VVV stock opened at $39.36 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 4.89 and a beta of 1.39. The company has a debt-to-equity ratio of 24.02, a quick ratio of 2.49 and a current ratio of 2.24. The firm’s fifty day moving average is $36.45 and its 200 day moving average is $34.41. Valvoline Inc. has a 52 week low of $29.15 and a 52 week high of $39.89.

Valvoline (NYSE:VVVGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $373.40 million during the quarter, compared to analysts’ expectations of $380.10 million. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. Research analysts predict that Valvoline Inc. will post 1.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VVV. StockNews.com raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Morgan Stanley raised shares of Valvoline from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $44.00 in a report on Tuesday, January 16th. Finally, Royal Bank of Canada increased their target price on shares of Valvoline from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Valvoline currently has an average rating of “Hold” and an average price target of $40.71.

Check Out Our Latest Report on VVV

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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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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