Bayesian Capital Management LP Invests $264,000 in Valvoline Inc. (NYSE:VVV)

Bayesian Capital Management LP purchased a new position in Valvoline Inc. (NYSE:VVV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,300 shares of the basic materials company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Huntington National Bank raised its stake in Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after acquiring an additional 814 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Valvoline during the fourth quarter worth about $36,000. ORG Partners LLC boosted its position in Valvoline by 466.7% in the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after buying an additional 1,050 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Valvoline in the fourth quarter worth $49,000. Finally, Headlands Technologies LLC acquired a new position in shares of Valvoline in the 4th quarter valued at about $73,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company's stock.

Valvoline Price Performance

NYSE VVV traded down $0.90 during trading hours on Friday, hitting $33.00. 2,487,931 shares of the company's stock traded hands, compared to its average volume of 1,396,559. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The firm's 50-day moving average is $34.42 and its 200-day moving average is $36.97. Valvoline Inc. has a 52-week low of $31.02 and a 52-week high of $48.27. The company has a market capitalization of $4.19 billion, a PE ratio of 15.79 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The company had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. During the same period last year, the firm posted $0.37 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VVV. Piper Sandler reissued an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a report on Friday. Wells Fargo & Company dropped their price target on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. TD Cowen began coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. Royal Bank of Canada raised their target price on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Citigroup reduced their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

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.