6 Meridian Decreases Position in Valvoline Inc (VVV)

6 Meridian reduced its stake in Valvoline Inc (NYSE:VVV) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,366 shares of the basic materials company’s stock after selling 1,135 shares during the period. 6 Meridian’s holdings in Valvoline were worth $415,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in Valvoline in the fourth quarter worth about $33,000. Claybrook Capital LLC bought a new position in Valvoline in the fourth quarter worth about $36,000. AdvisorNet Financial Inc raised its stake in Valvoline by 48,000.0% in the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock worth $47,000 after buying an additional 2,400 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Valvoline in the fourth quarter worth about $51,000. Finally, Advisor Group Inc. raised its stake in Valvoline by 19.5% in the fourth quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock worth $68,000 after buying an additional 572 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

In other Valvoline news, insider Julie Marie O’daniel sold 1,466 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $21.00, for a total transaction of $30,786.00. Following the completion of the transaction, the insider now owns 2,683 shares of the company’s stock, valued at $56,343. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Craig A. Moughler sold 2,551 shares of the firm’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $21.88, for a total transaction of $55,815.88. Following the transaction, the senior vice president now directly owns 27,221 shares of the company’s stock, valued at approximately $595,595.48. The disclosure for this sale can be found here. Insiders have sold 5,123 shares of company stock valued at $110,934 in the last ninety days. Insiders own 0.49% of the company’s stock.



VVV has been the subject of a number of research reports. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Buckingham Research initiated coverage on shares of Valvoline in a research note on Friday, March 15th. They set a “neutral” rating and a $20.00 target price for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Valvoline has a consensus rating of “Hold” and a consensus price target of $22.88.

Shares of NYSE VVV opened at $18.52 on Tuesday. Valvoline Inc has a fifty-two week low of $17.49 and a fifty-two week high of $23.16. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.34 and a beta of 0.97.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Valvoline had a net margin of 9.97% and a negative return on equity of 80.99%. The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $584.75 million. During the same period in the prior year, the business posted $0.29 EPS. Valvoline’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Valvoline Inc will post 1.34 EPS for the current fiscal year.

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Valvoline Company Profile

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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