Amalgamated Bank Trims Stock Holdings in Valvoline Inc. (NYSE:VVV)

Amalgamated Bank lessened its stake in shares of Valvoline Inc. (NYSE:VVV) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,440 shares of the basic materials company’s stock after selling 8,092 shares during the quarter. Amalgamated Bank’s holdings in Valvoline were worth $3,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its holdings in shares of Valvoline by 265.6% during the fourth quarter. Natixis Advisors L.P. now owns 310,054 shares of the basic materials company’s stock worth $11,651,000 after buying an additional 225,247 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Valvoline by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 27,156 shares of the basic materials company’s stock valued at $1,021,000 after acquiring an additional 2,414 shares during the last quarter. Brandywine Oak Private Wealth LLC purchased a new position in shares of Valvoline during the 4th quarter worth $211,000. Norden Group LLC acquired a new stake in shares of Valvoline during the fourth quarter worth $285,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in shares of Valvoline during the fourth quarter worth $277,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Morgan Stanley raised shares of Valvoline from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $44.00 in a research report on Tuesday, January 16th. Royal Bank of Canada lifted their price target on shares of Valvoline from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Mizuho initiated coverage on Valvoline in a report on Tuesday, March 19th. They set a “buy” rating and a $50.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Valvoline currently has an average rating of “Moderate Buy” and an average target price of $42.75.

Valvoline Stock Down 0.6 %

Shares of Valvoline stock opened at $41.94 on Friday. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $45.37. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 5.21 and a beta of 1.45. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 24.02. The company has a fifty day moving average price of $43.20 and a 200 day moving average price of $38.42.

Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $388.70 million during the quarter, compared to the consensus estimate of $390.75 million. Valvoline had a return on equity of 41.83% and a net margin of 92.04%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities research analysts forecast that Valvoline Inc. will post 1.61 earnings per share for the current fiscal year.

Valvoline Company Profile

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.