Teacher Retirement System of Texas Makes New $620,000 Investment in Valvoline (NYSE:VVV)

Teacher Retirement System of Texas bought a new stake in Valvoline (NYSE:VVV - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,822 shares of the basic materials company's stock, valued at approximately $620,000.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of Valvoline by 1.3% during the fourth quarter. Cetera Investment Advisers now owns 21,425 shares of the basic materials company's stock worth $775,000 after acquiring an additional 277 shares during the period. Advisory Research Inc. lifted its position in Valvoline by 0.7% in the fourth quarter. Advisory Research Inc. now owns 41,045 shares of the basic materials company's stock valued at $1,485,000 after purchasing an additional 295 shares during the period. Farther Finance Advisors LLC boosted its holdings in Valvoline by 10.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock valued at $128,000 after purchasing an additional 349 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Valvoline by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 56,792 shares of the basic materials company's stock worth $2,055,000 after purchasing an additional 360 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Valvoline by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,773 shares of the basic materials company's stock worth $607,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VVV shares. Morgan Stanley cut their price target on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Wells Fargo & Company dropped their target price on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Piper Sandler reiterated an "overweight" rating and set a $44.00 price target (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. TD Securities initiated coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, TD Cowen initiated coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. 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 presently has a consensus rating of "Moderate Buy" and an average price target of $42.54.

Insider Activity at Valvoline

In other news, CEO Lori Ann Flees purchased 3,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the acquisition, the chief executive officer owned 46,614 shares of the company's stock, valued at $1,574,620.92. The trade was a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company's stock.

Valvoline Stock Up 0.5%

Shares of NYSE:VVV traded up $0.18 during midday trading on Friday, reaching $36.41. The company had a trading volume of 1,257,788 shares, compared to its average volume of 1,535,682. The stock has a market capitalization of $4.63 billion, a P/E ratio of 17.67 and a beta of 1.18. The stock's fifty day moving average price is $36.39 and its 200-day moving average price 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. Valvoline has a one year low of $31.02 and a one year high of $47.08.

Valvoline (NYSE:VVV - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $405.38 million. During the same quarter last year, the company posted $0.37 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

About Valvoline

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.