Edgestream Partners L.P. Makes New $4.15 Million Investment in Valvoline (NYSE:VVV)

Edgestream Partners L.P. acquired a new stake in shares of Valvoline (NYSE:VVV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 119,150 shares of the basic materials company's stock, valued at approximately $4,148,000. Edgestream Partners L.P. owned about 0.09% of Valvoline as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Huntington National Bank boosted 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 buying an additional 814 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Valvoline in the 1st quarter worth about $35,000. American National Bank & Trust acquired a new stake in Valvoline in the 1st quarter worth about $40,000. Versant Capital Management Inc boosted its stake in Valvoline by 221.8% in the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock worth $41,000 after buying an additional 814 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Valvoline in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of VVV traded up $0.18 during mid-day trading on Friday, hitting $36.41. The stock had a trading volume of 1,257,788 shares, compared to its average volume of 1,535,682. Valvoline has a fifty-two week low of $31.02 and a fifty-two week high of $47.08. The company has a market cap of $4.63 billion, a PE ratio of 17.67 and a beta of 1.18. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 4.23. The company's fifty day simple moving average is $36.46 and its two-hundred day simple moving average is $35.93.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The company had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Valvoline will post 1.63 earnings per share for the current year.

Insider Activity at Valvoline

In related news, CEO Lori Ann Flees bought 3,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $33.78 per share, with a total value of $101,340.00. Following the completion of the transaction, the chief executive officer directly owned 46,614 shares of the company's stock, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VVV. TD Cowen began coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. Citigroup reduced their price objective on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Cfra Research raised Valvoline to a "hold" rating in a research note on Monday, July 7th. Finally, TD Securities began coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective on the stock. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.54.

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.