Baird Financial Group Inc. Sells 7,724 Shares of Valvoline Inc. (NYSE:VVV)

Baird Financial Group Inc. decreased its position in Valvoline Inc. (NYSE:VVV - Free Report) by 26.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,791 shares of the basic materials company's stock after selling 7,724 shares during the period. Baird Financial Group Inc.'s holdings in Valvoline were worth $788,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VVV. Vanguard Group Inc. boosted its stake in Valvoline by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock worth $466,492,000 after buying an additional 101,834 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Valvoline by 11.1% in the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock worth $391,405,000 after purchasing an additional 1,080,114 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Valvoline by 35.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock valued at $152,726,000 after buying an additional 1,096,486 shares during the period. Alua Capital Management LP raised its holdings in shares of Valvoline by 5.1% during the 4th quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company's stock valued at $130,439,000 after buying an additional 175,848 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Valvoline by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock valued at $94,362,000 after buying an additional 6,871 shares during the period. Institutional investors and hedge funds own 96.13% of the company's stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the company'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 completion of the transaction, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. This represents a 28.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.66% of the company's stock.

Valvoline Stock Up 0.6%

Shares of NYSE:VVV traded up $0.20 during trading on Tuesday, hitting $35.16. 83,609 shares of the company were exchanged, compared to its average volume of 1,405,406. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27. The firm has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $36.68. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 16.83 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last issued its earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $403.20 million for the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, research analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VVV shares. Morgan Stanley dropped their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. TD Securities began coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $44.00 price objective (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Four 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.33.

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.