BNP Paribas Financial Markets Increases Stake in Valvoline Inc. (NYSE:VVV)

BNP Paribas Financial Markets boosted its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,214 shares of the basic materials company's stock after buying an additional 45,928 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Valvoline worth $4,349,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VVV shares. Citigroup cut their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. TD Cowen initiated coverage on Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. Morgan Stanley cut their target price on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Finally, Wells Fargo & Company decreased their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Valvoline presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Valvoline Price Performance

NYSE VVV traded up $0.21 during trading hours on Tuesday, reaching $35.17. 83,609 shares of the stock traded hands, compared to its average volume of 1,647,163. 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 stock has a 50 day simple moving average of $34.39 and a two-hundred day simple moving average of $36.68. Valvoline Inc. has a 1 year low of $31.01 and a 1 year high of $48.26. The company 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 released its earnings results 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 firm had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. During the same quarter in the previous year, the firm earned $0.37 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

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.