Raymond James Financial Services Advisors Inc. Has $265,000 Stock Holdings in Valvoline Inc. (NYSE:VVV)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Valvoline Inc. (NYSE:VVV) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,045 shares of the basic materials company’s stock after buying an additional 403 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Valvoline were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in shares of Valvoline by 127.1% in the third quarter. CWM LLC now owns 1,465 shares of the basic materials company’s stock valued at $47,000 after buying an additional 820 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Valvoline by 123.0% during the 3rd quarter. SG Americas Securities LLC now owns 18,564 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 10,241 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Valvoline during the 3rd quarter valued at $527,000. L. Roy Papp & Associates LLP acquired a new stake in shares of Valvoline during the 3rd quarter worth $387,000. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Valvoline in the third quarter worth $1,420,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analysts Set New Price Targets

VVV has been the topic of a number of analyst reports. Mizuho initiated coverage on shares of Valvoline in a research note on Tuesday, March 19th. They set a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada lifted their price objective on shares of Valvoline from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Citigroup upped their target price on Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Morgan Stanley upgraded Valvoline from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $44.00 in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.75.

Valvoline Price Performance

Shares of VVV opened at $42.22 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 24.02. The stock has a market cap of $5.47 billion, a PE ratio of 5.24 and a beta of 1.44. Valvoline Inc. has a 12-month low of $29.15 and a 12-month high of $45.37. The business has a 50-day simple moving average of $42.80 and a two-hundred day simple moving average of $37.58.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Valvoline had a return on equity of 41.83% and a net margin of 92.04%. The company had revenue of $373.40 million during the quarter, compared to the consensus estimate of $380.10 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Valvoline Inc. will post 1.61 earnings per share for the current fiscal year.

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.