Bank of New York Mellon Corp Sells 110,665 Shares of Valvoline Inc. (NYSE:VVV)

Bank of New York Mellon Corp lowered its holdings in shares of Valvoline Inc. (NYSE:VVV) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 972,369 shares of the basic materials company’s stock after selling 110,665 shares during the quarter. Bank of New York Mellon Corp owned 0.76% of Valvoline worth $35,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of VVV. Prospera Private Wealth LLC bought a new stake in shares of Valvoline in the 3rd quarter worth about $41,000. Centricity Wealth Management LLC purchased a new position in Valvoline during the 4th quarter valued at about $36,000. ORG Partners LLC increased its position in Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,050 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Valvoline during the 3rd quarter valued at about $97,000. Finally, Blue Trust Inc. increased its position in Valvoline by 90.5% during the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 1,206 shares during the period. Institutional investors own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on VVV shares. Morgan Stanley reissued an “equal weight” rating and set a $38.00 target price (down previously from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Royal Bank of Canada lifted 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. Robert W. Baird cut their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Wells Fargo & Company cut their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus started coverage on shares of Valvoline in a research report on Friday, December 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valvoline has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O’daniel sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the transaction, the insider now owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares of the company’s stock, valued at $598,240. The trade was a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Valvoline Stock Down 0.0 %

Shares of Valvoline stock opened at $35.22 on Friday. Valvoline Inc. has a 52-week low of $33.90 and a 52-week high of $48.26. The company has a 50 day moving average of $36.89 and a 200 day moving average of $39.19. 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 company has a market capitalization of $4.48 billion, a P/E ratio of 16.85 and a beta of 1.45.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. As a group, research analysts forecast that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

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.