Valvoline Inc. (NYSE:VVV) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in shares of Valvoline Inc. (NYSE:VVV) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,092 shares of the basic materials company’s stock after acquiring an additional 1,381 shares during the quarter. AlphaQuest LLC’s holdings in Valvoline were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in shares of Valvoline during the 3rd quarter valued at $41,000. Centricity Wealth Management LLC acquired a new position in shares of Valvoline during the 4th quarter valued at $36,000. ORG Partners LLC lifted its holdings in shares of 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Valvoline during the 3rd quarter valued at $97,000. Finally, Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,206 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Activity at Valvoline

In related news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the sale, the chief technology officer now owns 14,956 shares of the company’s stock, valued at $598,240. This represents a 11.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Marie O’daniel sold 6,000 shares of the business’s 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 sale, the insider now directly owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. This represents a 28.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Valvoline Stock Performance

Shares of Valvoline stock opened at $35.22 on Monday. The firm has a market cap of $4.48 billion, a PE ratio of 16.85 and a beta of 1.48. The firm’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $39.17. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. Valvoline Inc. has a 1 year low of $33.90 and a 1 year high of $48.26.

Valvoline (NYSE:VVV) last issued its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Equities analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on VVV. Stifel Nicolaus started coverage on shares of Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 target price on the stock. Wells Fargo & Company cut their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Robert W. Baird cut their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Mizuho cut their price objective on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Four equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.40.

About Valvoline

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.