22,410 Shares in Valvoline Inc. (NYSE:VVV) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Valvoline Inc. (NYSE:VVV – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,410 shares of the basic materials company’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VVV. Principal Financial Group Inc. grew its position in shares of Valvoline by 16.0% in the second quarter. Principal Financial Group Inc. now owns 707,637 shares of the basic materials company’s stock valued at $20,401,000 after purchasing an additional 97,610 shares during the period. Fulton Bank N.A. acquired a new position in shares of Valvoline in the third quarter worth about $201,000. Bank of Montreal Can lifted its stake in shares of Valvoline by 147.1% in the second quarter. Bank of Montreal Can now owns 49,612 shares of the basic materials company’s stock worth $1,472,000 after acquiring an additional 29,538 shares in the last quarter. HGK Asset Management Inc. raised its stake in Valvoline by 9.7% during the third quarter. HGK Asset Management Inc. now owns 22,138 shares of the basic materials company’s stock valued at $561,000 after buying an additional 1,963 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Valvoline by 1.0% during the third quarter. Congress Asset Management Co. MA now owns 65,649 shares of the basic materials company’s stock valued at $1,664,000 after buying an additional 682 shares in the last quarter. 90.20% of the stock is owned by institutional investors and hedge funds.

Valvoline Stock Up 3.6 %

Shares of VVV stock opened at $37.03 on Monday. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 15.82 and a beta of 1.38. The company has a debt-to-equity ratio of 5.72, a quick ratio of 1.81 and a current ratio of 1.84. Valvoline Inc. has a 52-week low of $24.40 and a 52-week high of $37.33. The firm’s 50-day moving average is $34.75 and its 200-day moving average is $31.36.

Valvoline (NYSE:VVV – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $332.80 million for the quarter, compared to analyst estimates of $334.31 million. Valvoline had a return on equity of 126.78% and a net margin of 16.71%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts predict that Valvoline Inc. will post 1.05 EPS for the current year.

Insider Buying and Selling at Valvoline

In other Valvoline news, CMO Heidi J. Matheys sold 3,000 shares of the company’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $36.00, for a total transaction of $108,000.00. Following the sale, the chief marketing officer now owns 37,159 shares of the company’s stock, valued at $1,337,724. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.99% of the company’s stock.

Wall Street Analyst Weigh In

VVV has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on Valvoline from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price objective on shares of Valvoline in a report on Wednesday, February 8th. StockNews.com lowered Valvoline from a “hold” rating to a “sell” rating in a report on Wednesday, February 8th. Finally, Citigroup lowered Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Friday, February 24th.

Valvoline Company Profile

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Valvoline, Inc engages in the production, marketing, and supply of engine and automotive maintenance products and services. It operates through the Retail Services segment. The Retail Services segment services the passenger car and light truck quick lube market in the US and Canada with preventive maintenance services done through company operated and independent franchise care stores.