17,822 Shares in Valvoline (NYSE:VVV) Bought by Teacher Retirement System of Texas

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

Other large investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in Valvoline by 1,004.9% during the fourth 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 bought a new stake in Valvoline during the first quarter valued at approximately $35,000. American National Bank & Trust bought a new position in shares of Valvoline during the 1st quarter valued at $40,000. Versant Capital Management Inc increased its stake in shares of Valvoline by 221.8% in the first 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 period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Valvoline in the fourth quarter worth $49,000. 96.13% of the stock is owned by institutional investors.

Valvoline Stock Performance

NYSE:VVV traded up $0.18 during trading hours 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. Valvoline has a 1-year low of $31.02 and a 1-year high of $47.08. The firm has a market cap of $4.63 billion, a PE ratio of 17.67 and a beta of 1.18. The business's 50 day moving average price is $36.46 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 (NYSE:VVV - Get Free Report) last announced its earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. Valvoline had a return on equity of 106.36% and a net margin of 15.97%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. Research analysts forecast that Valvoline will post 1.63 EPS for the current year.

Insider Transactions at Valvoline

In other Valvoline 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 in the company, valued at $1,574,620.92. This trade represents a 6.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price 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 started coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. Cfra Research raised shares of Valvoline to a "hold" rating in a report on Monday, July 7th. TD Securities assumed coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective for the company. Finally, 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. Five 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.