American Century Companies Inc. Lowers Position in Valvoline Inc (VVV)

American Century Companies Inc. trimmed its position in shares of Valvoline Inc (NYSE:VVV) by 60.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,341,935 shares of the basic materials company’s stock after selling 2,054,513 shares during the period. American Century Companies Inc. owned approximately 0.70% of Valvoline worth $28,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can increased its stake in Valvoline by 14.4% during the second quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock valued at $726,000 after acquiring an additional 4,235 shares during the period. Brown Advisory Inc. increased its stake in Valvoline by 66.0% during the second quarter. Brown Advisory Inc. now owns 50,890 shares of the basic materials company’s stock valued at $1,098,000 after acquiring an additional 20,242 shares during the period. Oakbrook Investments LLC bought a new position in Valvoline during the third quarter valued at about $264,000. Janus Henderson Group PLC increased its stake in Valvoline by 24.7% during the second quarter. Janus Henderson Group PLC now owns 7,330,130 shares of the basic materials company’s stock valued at $158,111,000 after acquiring an additional 1,450,594 shares during the period. Finally, First Hawaiian Bank bought a new position in Valvoline during the third quarter valued at about $113,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Several brokerages recently issued reports on VVV. Morgan Stanley lowered their price target on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 2nd. JPMorgan Chase & Co. lowered Valvoline from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $22.00 to $20.00 in a research note on Friday, September 14th. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Seaport Global Securities restated a “hold” rating and set a $25.00 price target on shares of Valvoline in a research note on Tuesday, August 7th. Finally, Monness Crespi & Hardt lowered their price target on Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Valvoline has an average rating of “Hold” and a consensus price target of $24.44.



VVV stock opened at $20.20 on Friday. Valvoline Inc has a 1-year low of $17.49 and a 1-year high of $25.63. The company has a market capitalization of $3.74 billion, a PE ratio of 15.77, a P/E/G ratio of 1.36 and a beta of 0.93.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Valvoline had a negative return on equity of 95.31% and a net margin of 7.26%. The company had revenue of $594.00 million for the quarter, compared to analyst estimates of $593.80 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Valvoline Inc will post 1.39 earnings per share for the current year.

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About Valvoline

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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