AlphaCrest Capital Management LLC Has $400,000 Stock Holdings in Valvoline Inc. (NYSE:VVV)

AlphaCrest Capital Management LLC boosted its holdings in shares of Valvoline Inc. (NYSE:VVV – Get Rating) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,789 shares of the basic materials company’s stock after buying an additional 3,726 shares during the period. AlphaCrest Capital Management LLC’s holdings in Valvoline were worth $400,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. bought a new stake in shares of Valvoline in the 2nd quarter worth $28,000. Quadrant Capital Group LLC grew its stake in shares of Valvoline by 108.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,055 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 550 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Valvoline in the 3rd quarter worth $43,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Valvoline by 138.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Valvoline by 147.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors own 90.20% of the company’s stock.

Wall Street Analyst Weigh In

VVV has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Valvoline from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Royal Bank of Canada increased their price target on shares of Valvoline from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Wednesday, February 8th. Finally, Citigroup lowered shares of Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Friday, February 24th.

Valvoline Stock Performance

Shares of VVV stock opened at $34.07 on Friday. The firm’s 50 day moving average is $35.03 and its 200 day moving average is $31.51. The stock has a market capitalization of $5.86 billion, a P/E ratio of 14.56 and a beta of 1.38. Valvoline Inc. has a 12 month low of $24.40 and a 12 month high of $37.33. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 5.72.

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

Insider Buying and Selling at Valvoline

In other Valvoline news, CMO Heidi J. Matheys sold 3,000 shares of the business’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 approximately $1,337,724. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.99% of the company’s stock.

Valvoline 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.