Treasurer of the State of North Carolina Sells 11,300 Shares of Valvoline Inc. (NYSE:VVV)

Treasurer of the State of North Carolina cut its position in Valvoline Inc. (NYSE:VVVFree Report) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,387 shares of the basic materials company’s stock after selling 11,300 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Valvoline were worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VVV. Invesco Ltd. increased its position in shares of Valvoline by 29.1% during the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock worth $130,257,000 after purchasing an additional 911,073 shares in the last quarter. Alua Capital Management LP grew its stake in shares of Valvoline by 24.7% during the third quarter. Alua Capital Management LP now owns 2,935,539 shares of the basic materials company’s stock worth $94,642,000 after acquiring an additional 582,400 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Valvoline by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,817,828 shares of the basic materials company’s stock valued at $105,897,000 after acquiring an additional 44,218 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Valvoline by 11.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 2,767,848 shares of the basic materials company’s stock valued at $89,235,000 after purchasing an additional 276,506 shares during the last quarter. Finally, Scharf Investments LLC boosted its stake in Valvoline by 9.0% in the 4th quarter. Scharf Investments LLC now owns 2,655,463 shares of the basic materials company’s stock worth $99,792,000 after purchasing an additional 218,508 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup raised their price target on shares of Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Mizuho started coverage on Valvoline in a report on Tuesday, March 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Valvoline presently has a consensus rating of “Moderate Buy” and an average price target of $42.75.

View Our Latest Stock Analysis on Valvoline

Valvoline Trading Up 1.0 %

Valvoline stock opened at $41.61 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 15.83. The firm has a market cap of $5.36 billion, a PE ratio of 33.02 and a beta of 1.44. The stock’s 50 day simple moving average is $42.05 and its two-hundred day simple moving average is $39.78. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $45.37.

Valvoline (NYSE:VVVGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The company had revenue of $388.70 million for the quarter, compared to analyst estimates of $390.75 million. During the same quarter last year, the business earned $0.23 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts anticipate that Valvoline Inc. will post 1.61 earnings per share for the current year.

Valvoline Company 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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