Mutual of America Capital Management LLC Sells 93,153 Shares of Valvoline Inc. (NYSE:VVV)

Mutual of America Capital Management LLC lowered its position in shares of Valvoline Inc. (NYSE:VVV) by 57.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,072 shares of the basic materials company’s stock after selling 93,153 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Valvoline worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after purchasing an additional 16,916 shares in the last quarter. Natixis Advisors LLC increased its holdings in Valvoline by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock worth $17,702,000 after buying an additional 31,661 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Valvoline in the 3rd quarter worth about $4,628,000. Thrivent Financial for Lutherans lifted its stake in Valvoline by 118.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company’s stock valued at $2,844,000 after acquiring an additional 36,814 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock valued at $93,215,000 after acquiring an additional 54,545 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Valvoline Stock Down 0.0 %

NYSE VVV 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 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. The stock’s 50-day moving average price is $36.89 and its 200-day moving average price is $39.19.

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 net margin of 16.34% and a return on equity of 143.64%. On average, equities research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on VVV. Mizuho decreased their price objective on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Stifel Nicolaus assumed coverage on Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Four investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Insider Activity

In other news, insider Julie Marie O’daniel sold 6,000 shares of Valvoline stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now owns 15,305 shares in the company, valued at $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

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.