US Bancorp DE Sells 3,255 Shares of Valvoline Inc. (NYSE:VVV)

US Bancorp DE lowered its stake in Valvoline Inc. (NYSE:VVV) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,562 shares of the basic materials company’s stock after selling 3,255 shares during the quarter. US Bancorp DE’s holdings in Valvoline were worth $1,287,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in Valvoline in the 3rd quarter valued at $41,000. Centricity Wealth Management LLC acquired a new stake in Valvoline in the 4th quarter valued at $36,000. ORG Partners LLC grew its position in Valvoline by 466.7% in 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 worth $97,000. Finally, Blue Trust Inc. boosted its holdings in Valvoline by 90.5% during the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 1,206 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Activity 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 stock was 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 approximately $572,560.05. The trade was a 28.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value of $76,560.00. Following the completion of the sale, the chief technology officer now owns 14,956 shares in the company, valued at $598,240. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. 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 report on Wednesday, November 20th. Mizuho cut their price objective on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, 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 report on Friday, February 7th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valvoline has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Valvoline Trading Down 0.0 %

NYSE VVV opened at $35.22 on Friday. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.85 and a beta of 1.48. Valvoline Inc. has a one year low of $33.90 and a one year high of $48.26. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The business’s fifty day moving average is $36.89 and its 200-day moving average is $39.18.

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