Valvoline Inc (NYSE:VVV) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in Valvoline Inc (NYSE:VVV) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,024 shares of the basic materials company’s stock after purchasing an additional 875 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Valvoline were worth $310,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Valvoline by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock worth $124,196,000 after purchasing an additional 684,854 shares during the last quarter. Credit Suisse AG increased its stake in shares of Valvoline by 35.9% during the 3rd quarter. Credit Suisse AG now owns 245,162 shares of the basic materials company’s stock worth $5,274,000 after purchasing an additional 64,799 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Valvoline by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,808,337 shares of the basic materials company’s stock worth $60,408,000 after purchasing an additional 150,345 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Valvoline by 42.1% during the 3rd quarter. Brown Advisory Inc. now owns 72,332 shares of the basic materials company’s stock worth $1,556,000 after purchasing an additional 21,442 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Valvoline by 87.9% during the 3rd quarter. Franklin Resources Inc. now owns 21,115 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 9,876 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

NYSE:VVV opened at $18.52 on Tuesday. Valvoline Inc has a 1 year low of $17.49 and a 1 year high of $23.16. The firm has a market capitalization of $3.51 billion, a P/E ratio of 14.36, a PEG ratio of 1.34 and a beta of 0.97.

Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Valvoline had a net margin of 9.97% and a negative return on equity of 80.99%. The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $584.75 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Valvoline Inc will post 1.34 earnings per share for the current fiscal year.

Several research analysts have recently commented on VVV shares. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Buckingham Research initiated coverage on shares of Valvoline in a research note on Friday, March 15th. They issued a “neutral” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.88.

In other Valvoline news, SVP Craig A. Moughler sold 2,551 shares of the firm’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $21.88, for a total value of $55,815.88. Following the sale, the senior vice president now directly owns 27,221 shares in the company, valued at approximately $595,595.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Marie O’daniel sold 1,466 shares of the firm’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $21.00, for a total transaction of $30,786.00. Following the completion of the sale, the insider now owns 2,683 shares in the company, valued at $56,343. The disclosure for this sale can be found here. Insiders sold a total of 5,123 shares of company stock worth $110,934 over the last 90 days. Company insiders own 0.49% of the company’s stock.

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Valvoline Company Profile

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

Read More: Return on Investment (ROI)

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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