CIBC Private Wealth Group LLC Has $18.01 Million Position in Valvoline Inc. (NYSE:VVV)

CIBC Private Wealth Group LLC decreased its position in shares of Valvoline Inc. (NYSE:VVV) by 7.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 516,416 shares of the basic materials company’s stock after selling 43,135 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Valvoline were worth $18,007,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its position in shares of Valvoline by 15.0% during the third quarter. Citigroup Inc. now owns 114,598 shares of the basic materials company’s stock worth $4,796,000 after acquiring an additional 14,962 shares during the last quarter. Cerity Partners LLC raised its holdings in Valvoline by 9.2% during the 3rd quarter. Cerity Partners LLC now owns 29,498 shares of the basic materials company’s stock worth $1,234,000 after purchasing an additional 2,482 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Valvoline by 7.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company’s stock valued at $3,109,000 after purchasing an additional 5,030 shares during the period. Kestra Investment Management LLC bought a new position in shares of Valvoline in the 3rd quarter valued at about $413,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valvoline during the 3rd quarter worth approximately $97,000. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Performance

VVV stock opened at $34.86 on Tuesday. Valvoline Inc. has a 1-year low of $33.90 and a 1-year high of $48.27. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The firm has a market cap of $4.43 billion, a PE ratio of 16.68 and a beta of 1.48. The business’s 50-day moving average price is $36.75 and its two-hundred day moving average price is $38.54.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. As a group, research analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on VVV shares. Royal Bank of Canada increased their price objective on shares of Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Mizuho dropped their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Stifel Nicolaus started coverage on Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 target price on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the transaction, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. This represents a 28.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.