PAX Financial Group LLC Acquires New Holdings in Valvoline Inc. (NYSE:VVV)

PAX Financial Group LLC acquired a new stake in shares of Valvoline Inc. (NYSE:VVV – Get Rating) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,745 shares of the basic materials company’s stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VVV. Raymond James Financial Services Advisors Inc. raised its stake in Valvoline by 15.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 1,355 shares during the last quarter. American Century Companies Inc. raised its position in Valvoline by 6.9% during the first quarter. American Century Companies Inc. now owns 57,072 shares of the basic materials company’s stock valued at $1,801,000 after acquiring an additional 3,687 shares in the last quarter. US Bancorp DE raised its position in Valvoline by 47.0% during the first quarter. US Bancorp DE now owns 21,610 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 6,914 shares in the last quarter. HighTower Advisors LLC raised its position in Valvoline by 42.8% during the first quarter. HighTower Advisors LLC now owns 34,130 shares of the basic materials company’s stock valued at $1,075,000 after acquiring an additional 10,224 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Valvoline by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 26,908 shares of the basic materials company’s stock valued at $849,000 after acquiring an additional 1,456 shares in the last quarter. 90.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Valvoline news, SVP Heidi J. Matheys sold 2,546 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $38.64, for a total transaction of $98,377.44. Following the transaction, the senior vice president now owns 37,159 shares of the company’s stock, valued at $1,435,823.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Valvoline news, SVP Heidi J. Matheys sold 2,546 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $38.64, for a total transaction of $98,377.44. Following the transaction, the senior vice president now owns 37,159 shares of the company’s stock, valued at $1,435,823.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Heidi J. Matheys sold 5,823 shares of Valvoline stock in a transaction on 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 sale, the senior vice president now owns 37,159 shares in the company, valued at approximately $1,309,854.75. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by corporate insiders.

Valvoline Price Performance

Shares of NYSE:VVV traded down $0.01 during trading on Friday, reaching $38.15. The stock had a trading volume of 448,664 shares, compared to its average volume of 1,621,197. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.90 and a current ratio of 3.95. The business has a fifty day moving average price of $35.28 and a 200-day moving average price of $34.29. The stock has a market cap of $6.33 billion, a PE ratio of 4.24 and a beta of 1.37. Valvoline Inc. has a 1-year low of $24.40 and a 1-year high of $39.67.

Valvoline (NYSE:VVV – Get Rating) last issued its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $344.50 million for the quarter, compared to analyst estimates of $347.12 million. Valvoline had a return on equity of 50.51% and a net margin of 79.50%. On average, equities analysts forecast that Valvoline Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VVV has been the subject of several recent research reports. StockNews.com upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. JPMorgan Chase & Co. raised their price objective on Valvoline from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Royal Bank of Canada raised their price objective on Valvoline from $40.00 to $43.00 in a report on Thursday, May 11th. Finally, Citigroup lowered Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, February 24th.

Valvoline Company Profile

(Get Rating)

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.