Valvoline Inc. (NYSE:VVV) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its stake in Valvoline Inc. (NYSE:VVV – Get Rating) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,223 shares of the basic materials company’s stock after selling 500 shares during the period. Whittier Trust Co.’s holdings in Valvoline were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in Valvoline during the 4th quarter valued at about $28,604,000. Point72 Asset Management L.P. raised its position in Valvoline by 191.8% during the third quarter. Point72 Asset Management L.P. now owns 1,247,705 shares of the basic materials company’s stock valued at $31,617,000 after acquiring an additional 820,074 shares in the last quarter. Clearline Capital LP purchased a new stake in Valvoline in the 3rd quarter worth approximately $9,865,000. Goldman Sachs Group Inc. increased its holdings in shares of Valvoline by 48.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,011,762 shares of the basic materials company’s stock valued at $31,931,000 after purchasing an additional 328,241 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Valvoline by 1,083.5% during the 2nd quarter. Verition Fund Management LLC now owns 340,598 shares of the basic materials company’s stock worth $9,820,000 after acquiring an additional 311,819 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VVV shares. Citigroup lowered shares of Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Friday, February 24th. StockNews.com initiated coverage on Valvoline in a report on Thursday, March 16th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. increased their target price on Valvoline from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Royal Bank of Canada boosted their price target on Valvoline from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th.

Insider Activity

In other Valvoline news, SVP Heidi J. Matheys sold 5,823 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $35.25, for a total transaction of $205,260.75. Following the sale, the senior vice president now directly owns 37,159 shares in the company, valued at approximately $1,309,854.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Valvoline news, CMO Heidi J. Matheys sold 3,000 shares of the company’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $36.00, for a total transaction of $108,000.00. Following the sale, the chief marketing officer now owns 37,159 shares in the company, valued at approximately $1,337,724. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Heidi J. Matheys sold 5,823 shares of Valvoline stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $35.25, for a total value of $205,260.75. Following the completion of the transaction, the senior vice president now owns 37,159 shares of the company’s stock, valued at approximately $1,309,854.75. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

Valvoline Price Performance

Shares of VVV opened at $34.73 on Friday. The firm has a 50-day simple moving average of $34.84 and a two-hundred day simple moving average of $32.26. The stock has a market cap of $5.97 billion, a PE ratio of 14.84 and a beta of 1.37. Valvoline Inc. has a 1-year low of $24.40 and a 1-year high of $37.33. The company has a debt-to-equity ratio of 5.72, a current ratio of 1.84 and a quick ratio of 1.81.

Valvoline (NYSE:VVV – Get Rating) last posted its earnings results on Tuesday, February 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $332.80 million for the quarter, compared to analyst estimates of $334.31 million. Valvoline had a return on equity of 126.78% and a net margin of 16.71%. Valvoline’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. As a group, analysts forecast that Valvoline Inc. will post 1.05 EPS for the current year.

Valvoline Profile

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Valvoline, Inc engages in the production, marketing, and supply of engine and automotive maintenance products and services. It operates through the Retail Services segment. The Retail Services segment services the passenger car and light truck quick lube market in the US and Canada with preventive maintenance services done through company operated and independent franchise care stores.

Further Reading

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