Dynamic Technology Lab Private Ltd Sells 5,833 Shares of Valvoline Inc. (NYSE:VVV)

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Valvoline Inc. (NYSE:VVV) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,290 shares of the basic materials company’s stock after selling 5,833 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Valvoline were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Valvoline by 1,004.9% during the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 814 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Valvoline during the fourth quarter valued at approximately $36,000. ORG Partners LLC lifted its position in Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,050 shares during the last quarter. Headlands Technologies LLC purchased a new position in Valvoline in the 4th quarter worth approximately $73,000. Finally, Atala Financial Inc bought a new position in shares of Valvoline in the 4th quarter worth $77,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VVV. 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 report on Friday, February 7th. TD Securities began coverage on Valvoline in a research report on Friday. They set a “buy” rating and a $40.00 price objective on the stock. TD Cowen assumed coverage on Valvoline in a research report on Friday. They issued a “buy” rating and a $40.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $38.00 price objective (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.67.

Valvoline Stock Performance

Shares of NYSE:VVV opened at $34.57 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The company has a 50-day moving average price of $36.64 and a 200-day moving average price of $38.39. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 16.54 and a beta of 1.32. Valvoline Inc. has a 12 month low of $32.99 and a 12 month high of $48.27.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. As a group, equities analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current year.

Insider Buying and Selling

In related news, insider Julie Marie O’daniel sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the transaction, the insider now directly owns 15,305 shares of the company’s stock, valued at $572,560.05. This represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by insiders.

Valvoline 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.