WINTON GROUP Ltd grew its position in Valvoline Inc (NYSE:VVV) by 22.0% in the third quarter, Holdings Channel reports. The fund owned 508,436 shares of the basic materials company’s stock after buying an additional 91,796 shares during the period. WINTON GROUP Ltd’s holdings in Valvoline were worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Hawaiian Bank bought a new position in shares of Valvoline in the third quarter worth $113,000. GSA Capital Partners LLP bought a new position in shares of Valvoline in the second quarter worth $245,000. Oakbrook Investments LLC bought a new position in shares of Valvoline in the third quarter worth $264,000. Jane Street Group LLC bought a new position in shares of Valvoline in the second quarter worth $280,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Valvoline by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 17,280 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 9,079 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Shares of Valvoline stock opened at $20.12 on Friday. The firm has a market capitalization of $3.82 billion, a PE ratio of 15.60, a PEG ratio of 1.39 and a beta of 0.93. Valvoline Inc has a fifty-two week low of $17.49 and a fifty-two week high of $25.63.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $594.00 million during the quarter, compared to analyst estimates of $593.80 million. Valvoline had a negative return on equity of 95.31% and a net margin of 7.26%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Analysts forecast that Valvoline Inc will post 1.39 EPS for the current year.

VVV has been the subject of several recent analyst reports. Citigroup set a $22.00 price target on Valvoline and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group initiated coverage on Valvoline in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $27.00 price target for the company. Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating in a research note on Monday, September 17th. Monness Crespi & Hardt decreased their price target on Valvoline from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Finally, Morgan Stanley decreased their price target on Valvoline from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and an average target price of $24.50.

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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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