Avantax Advisory Services Inc. lifted its stake in Valvoline Inc. (NYSE:VVV – Free Report) by 33.7% in the 4th quarter, Holdings Channel reports. The firm owned 15,909 shares of the basic materials company’s stock after purchasing an additional 4,013 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Valvoline were worth $576,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in VVV. Victory Capital Management Inc. grew its holdings in Valvoline by 6.5% in the third quarter. Victory Capital Management Inc. now owns 28,919 shares of the basic materials company’s stock valued at $1,210,000 after purchasing an additional 1,761 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in Valvoline during the third quarter worth $227,000. Thrivent Financial for Lutherans raised its holdings in shares of Valvoline by 118.2% in the third quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company’s stock worth $2,844,000 after acquiring an additional 36,814 shares during the last quarter. MAI Capital Management raised its holdings in shares of Valvoline by 2.4% in the third quarter. MAI Capital Management now owns 11,624 shares of the basic materials company’s stock worth $486,000 after acquiring an additional 268 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Valvoline during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.
Valvoline Stock Performance
VVV opened at $35.28 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The firm has a market cap of $4.48 billion, a PE ratio of 16.88 and a beta of 1.48. The business has a fifty day simple moving average of $36.86 and a 200-day simple moving average of $38.73. Valvoline Inc. has a fifty-two week low of $33.90 and a fifty-two week high of $48.27.
Wall Street Analyst Weigh In
VVV has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 target price for the company. JPMorgan Chase & Co. increased their target price on Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Mizuho dropped their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.40.
View Our Latest Analysis on VVV
Insider Activity
In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now directly owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.
Valvoline 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.
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