Treasurer of the State of North Carolina Acquires 360 Shares of Valvoline Inc. (NYSE:VVV)

Treasurer of the State of North Carolina grew its stake in shares of Valvoline Inc. (NYSE:VVV) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,792 shares of the basic materials company’s stock after acquiring an additional 360 shares during the period. Treasurer of the State of North Carolina’s holdings in Valvoline were worth $2,055,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank lifted its holdings in Valvoline by 1,004.9% during the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 814 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Valvoline in the fourth quarter worth about $36,000. ORG Partners LLC boosted its position in shares of Valvoline by 466.7% in the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,050 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Valvoline during the 4th quarter valued at $49,000. Finally, Headlands Technologies LLC purchased a new position in Valvoline during the fourth quarter worth about $73,000. 96.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VVV. TD Cowen started coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a “buy” rating and a $40.00 target price on the stock. Mizuho dropped 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. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price objective (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.

Valvoline Stock Up 0.8 %

NYSE VVV opened at $33.47 on Friday. The business’s 50-day moving average is $35.62 and its 200 day moving average is $37.79. The stock has a market capitalization of $4.25 billion, a PE ratio of 16.01 and a beta of 1.32. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27.

Valvoline (NYSE:VVV) last issued 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 return on equity of 143.64% and a net margin of 16.34%. Sell-side analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of Valvoline stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

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.