Pinebridge Investments L.P. Buys 16,384 Shares of Valvoline Inc. (NYSE:VVV)

Pinebridge Investments L.P. increased its position in shares of Valvoline Inc. (NYSE:VVV) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,774 shares of the basic materials company’s stock after acquiring an additional 16,384 shares during the quarter. Pinebridge Investments L.P.’s holdings in Valvoline were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VVV. Barclays PLC boosted its position in shares of Valvoline by 52.4% during the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company’s stock worth $2,242,000 after purchasing an additional 18,414 shares in the last quarter. Invst LLC lifted its holdings in Valvoline by 3.7% during the third quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock worth $667,000 after acquiring an additional 563 shares in the last quarter. Tidal Investments LLC grew its stake in Valvoline by 20.1% in the third quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company’s stock valued at $2,275,000 after acquiring an additional 9,089 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Valvoline in the third quarter worth about $2,554,000. Finally, Tyro Capital Management LLC raised its position in shares of Valvoline by 0.6% during the third quarter. Tyro Capital Management LLC now owns 346,228 shares of the basic materials company’s stock worth $14,490,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $38.00 target price (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. TD Cowen began coverage on shares of Valvoline in a report on Friday, April 4th. They set a “buy” rating and a $40.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Mizuho lowered their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, TD Securities assumed coverage on Valvoline in a report on Friday, April 4th. They issued a “buy” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O’daniel sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the transaction, the insider now owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. This represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

Valvoline Price Performance

NYSE:VVV opened at $34.69 on Monday. The stock has a market capitalization of $4.41 billion, a PE ratio of 16.60 and a beta of 1.32. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. The firm has a fifty day simple moving average of $34.95 and a 200 day simple moving average of $37.47. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. On average, research analysts expect that Valvoline Inc. will post 1.63 EPS 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.