Seven Eight Capital LP Acquires New Position in Valvoline Inc. (NYSE:VVV)

Seven Eight Capital LP bought a new position in shares of Valvoline Inc. (NYSE:VVVFree Report) in the third quarter, HoldingsChannel.com reports. The firm bought 21,118 shares of the basic materials company’s stock, valued at approximately $681,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VVV. Norges Bank acquired a new stake in shares of Valvoline in the fourth quarter worth $60,299,000. D1 Capital Partners L.P. increased its stake in shares of Valvoline by 242.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,600,031 shares of the basic materials company’s stock valued at $97,527,000 after purchasing an additional 1,840,031 shares in the last quarter. Kinetic Partners Management LP acquired a new stake in Valvoline in the second quarter valued at approximately $42,896,000. Invesco Ltd. increased its position in shares of Valvoline by 29.1% in the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock valued at $130,257,000 after buying an additional 911,073 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Valvoline by 927.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 996,050 shares of the basic materials company’s stock worth $34,803,000 after buying an additional 899,099 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Valvoline Trading Up 0.1 %

VVV opened at $43.63 on Friday. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $44.35. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 5.42 and a beta of 1.44. The company has a debt-to-equity ratio of 24.02, a current ratio of 2.24 and a quick ratio of 2.14. The business has a fifty day moving average price of $38.54 and a 200 day moving average price of $35.20.

Valvoline (NYSE:VVVGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $373.40 million for the quarter, compared to the consensus estimate of $380.10 million. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. Sell-side analysts expect that Valvoline Inc. will post 1.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Royal Bank of Canada boosted their price objective on Valvoline from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Morgan Stanley raised shares of Valvoline from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $44.00 in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Valvoline currently has an average rating of “Hold” and a consensus price target of $40.71.

Get Our Latest Report on Valvoline

Valvoline Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valvoline Inc. (NYSE:VVVFree Report).

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.