Natixis Advisors L.P. Has $11.65 Million Stake in Valvoline Inc. (NYSE:VVV)

Natixis Advisors L.P. raised its stake in Valvoline Inc. (NYSE:VVV) by 265.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 310,054 shares of the basic materials company’s stock after buying an additional 225,247 shares during the quarter. Natixis Advisors L.P.’s holdings in Valvoline were worth $11,651,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VVV. Invesco Ltd. grew its holdings in Valvoline by 29.1% during the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock worth $130,257,000 after buying an additional 911,073 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Valvoline by 260.3% in the third quarter. The Manufacturers Life Insurance Company now owns 1,225,486 shares of the basic materials company’s stock valued at $39,510,000 after purchasing an additional 885,342 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Valvoline in the fourth quarter valued at about $31,165,000. Alua Capital Management LP boosted its holdings in Valvoline by 24.7% during the third quarter. Alua Capital Management LP now owns 2,935,539 shares of the basic materials company’s stock worth $94,642,000 after purchasing an additional 582,400 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Valvoline by 11.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 2,767,848 shares of the basic materials company’s stock worth $89,235,000 after purchasing an additional 276,506 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Performance

NYSE VVV opened at $44.21 on Wednesday. The firm has a market cap of $5.73 billion, a P/E ratio of 5.49 and a beta of 1.45. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 24.02. The company’s 50 day moving average is $43.22 and its 200-day moving average is $38.37. Valvoline Inc. has a 12-month low of $29.15 and a 12-month high of $45.37.

Valvoline (NYSE:VVV) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The business had revenue of $373.40 million for the quarter, compared to analysts’ expectations of $380.10 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Valvoline Inc. will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VVV has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Valvoline from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Morgan Stanley raised Valvoline from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $37.00 to $44.00 in a research report on Tuesday, January 16th. Mizuho began coverage on Valvoline in a research report on Tuesday, March 19th. They set a “buy” rating and a $50.00 target price for the company. Finally, Citigroup increased their price target on shares of Valvoline from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.75.

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.