Edgestream Partners L.P. Invests $4.15 Million in Valvoline (NYSE:VVV)

Edgestream Partners L.P. purchased a new stake in shares of Valvoline (NYSE:VVV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 119,150 shares of the basic materials company's stock, valued at approximately $4,148,000. Edgestream Partners L.P. owned 0.09% of Valvoline as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Valvoline by 101.5% during the 1st quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 1,093 shares during the period. Yousif Capital Management LLC grew its holdings in Valvoline by 1.7% during the first quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock valued at $1,608,000 after purchasing an additional 794 shares during the period. SG Americas Securities LLC bought a new stake in Valvoline during the first quarter valued at about $496,000. Avantax Advisory Services Inc. increased its position in Valvoline by 33.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock worth $576,000 after buying an additional 4,013 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Valvoline by 145.4% in the first quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock worth $53,000 after buying an additional 907 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Trading Up 0.7%

Shares of NYSE:VVV traded up $0.26 on Thursday, hitting $36.06. 1,320,544 shares of the company's stock were exchanged, compared to its average volume of 1,527,919. The business's 50 day simple moving average is $36.34 and its two-hundred day simple moving average is $35.93. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.73 and a quick ratio of 0.60. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 17.51 and a beta of 1.18. Valvoline has a 12 month low of $31.02 and a 12 month high of $48.27.

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 analysts' consensus estimates of $0.36 by ($0.02). The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 106.36% and a net margin of 15.97%. Valvoline's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. Analysts anticipate that Valvoline will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VVV shares. Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a report on Friday, May 9th. TD Cowen started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Morgan Stanley lowered their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and increased their price objective for the company from $40.00 to $45.00 in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.54.

Insider Buying and Selling at Valvoline

In related news, CEO Lori Ann Flees bought 3,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by insiders.

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.