Valvoline Inc. (NYSE:VVV) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Valvoline Inc. (NYSE:VVV) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 96,440 shares of the basic materials company’s stock after selling 8,092 shares during the quarter. Amalgamated Bank owned about 0.07% of Valvoline worth $3,624,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Valvoline by 29.1% during the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock worth $130,257,000 after purchasing an additional 911,073 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Valvoline by 260.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,225,486 shares of the basic materials company’s stock valued at $39,510,000 after acquiring an additional 885,342 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Valvoline in the 4th quarter valued at $31,165,000. Alua Capital Management LP boosted its holdings in shares of Valvoline by 24.7% in the 3rd quarter. Alua Capital Management LP now owns 2,935,539 shares of the basic materials company’s stock valued at $94,642,000 after acquiring an additional 582,400 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Valvoline by 11.1% in the third quarter. Lord Abbett & CO. LLC now owns 2,767,848 shares of the basic materials company’s stock worth $89,235,000 after acquiring an additional 276,506 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Trading Down 0.6 %

Shares of VVV stock opened at $41.94 on Friday. Valvoline Inc. has a 1-year low of $29.15 and a 1-year high of $45.37. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 5.21 and a beta of 1.45. The company has a debt-to-equity ratio of 24.02, a current ratio of 2.24 and a quick ratio of 2.14. The stock has a 50 day simple moving average of $43.20 and a 200-day simple moving average of $38.42.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $388.70 million during the quarter, compared to analyst estimates of $390.75 million. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities research analysts expect that Valvoline Inc. will post 1.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VVV shares. Citigroup boosted their target price on shares of Valvoline from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Mizuho started coverage on Valvoline in a research note on Tuesday, March 19th. They issued a “buy” rating and a $50.00 target price on the stock. Royal Bank of Canada lifted their price target on Valvoline from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley raised Valvoline from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $44.00 in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Valvoline presently has a consensus rating of “Moderate Buy” and an average price target of $42.75.

About Valvoline

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.