Aigen Investment Management LP Has $768,000 Stake in Valvoline Inc. (NYSE:VVV)

Aigen Investment Management LP increased its position in shares of Valvoline Inc. (NYSE:VVV) by 275.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,214 shares of the basic materials company’s stock after purchasing an additional 15,563 shares during the period. Aigen Investment Management LP’s holdings in Valvoline were worth $768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VVV. State of Alaska Department of Revenue increased its holdings in Valvoline by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 15,088 shares of the basic materials company’s stock worth $631,000 after buying an additional 1,015 shares during the last quarter. US Bancorp DE increased its holdings in shares of Valvoline by 2.0% in the third quarter. US Bancorp DE now owns 38,817 shares of the basic materials company’s stock valued at $1,624,000 after purchasing an additional 752 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Valvoline by 95.8% in the third quarter. Farther Finance Advisors LLC now owns 3,199 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 1,565 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Valvoline in the third quarter valued at $468,000. Finally, Portside Wealth Group LLC increased its holdings in shares of Valvoline by 6.0% in the third quarter. Portside Wealth Group LLC now owns 12,945 shares of the basic materials company’s stock valued at $542,000 after purchasing an additional 731 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Trading Down 1.0 %

VVV opened at $35.20 on Friday. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.26. The company has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $39.23. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 16.84 and a beta of 1.45.

Valvoline (NYSE:VVV) last posted 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 net margin of 16.34% and a return on equity of 143.64%. Analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Valvoline in a report on Friday, December 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Wells Fargo & Company decreased their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Mizuho reduced their target price on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Insider Buying and Selling

In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Marie O’daniel sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Valvoline Company 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.