33,741 Valvoline $VVV Shares Sold by Redmond Asset Management LLC

Key Points

• Redmond Asset Management cut its Valvoline position by 66.1%, selling 33,741 shares in the third quarter and retaining 17,268 shares worth approximately $520,000. Institutional investors collectively own 96.13% of VVV.
• Valvoline reported quarterly EPS of $0.57, beating estimates by $0.07, while revenue rose 24.1% year over year to $544.6 million. The company also authorized a $175 million share-buyback program, covering up to 4.8% of outstanding shares.
• VVV shares opened at $31.72, below the analyst consensus price target of $41.17. Despite some target-price reductions and a Zacks downgrade to “hold,” analysts maintain a consensus “Moderate Buy” rating.

Redmond Asset Management LLC trimmed its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 66.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,268 shares of the basic materials company's stock after selling 33,741 shares during the quarter. Redmond Asset Management LLC's holdings in Valvoline were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VVV. Isthmus Partners LLC raised its stake in shares of Valvoline by 3.1% in the third quarter. Isthmus Partners LLC now owns 12,197 shares of the basic materials company's stock worth $368,000 after buying an additional 361 shares during the period. GAMMA Investing LLC lifted its position in shares of Valvoline by 39.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,435 shares of the basic materials company's stock valued at $57,000 after buying an additional 409 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Valvoline by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 30,836 shares of the basic materials company's stock valued at $1,219,000 after buying an additional 432 shares in the last quarter. Allworth Financial LP grew its stake in shares of Valvoline by 9.5% during the 2nd quarter. Allworth Financial LP now owns 5,453 shares of the basic materials company's stock valued at $216,000 after acquiring an additional 475 shares during the period. Finally, State of Michigan Retirement System grew its stake in shares of Valvoline by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 30,615 shares of the basic materials company's stock valued at $1,031,000 after acquiring an additional 600 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie O'Daniel sold 3,700 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $33.81, for a total transaction of $125,097.00. Following the completion of the sale, the insider owned 14,279 shares of the company's stock, valued at $482,772.99. This trade represents a 20.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jordan M. Denny purchased 1,506 shares of Valvoline stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $33.20 per share, for a total transaction of $49,999.20. Following the completion of the purchase, the chief accounting officer directly owned 4,121 shares in the company, valued at approximately $136,817.20. This trade represents a 57.59% increase in their position. The SEC filing for this purchase provides additional information. 0.66% of the stock is currently owned by insiders.

Valvoline Stock Down 0.5%

Shares of NYSE VVV opened at $31.72 on Thursday. The stock's fifty day simple moving average is $30.73 and its two-hundred day simple moving average is $34.33. Valvoline has a 12-month low of $26.21 and a 12-month high of $41.08. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $4.05 billion, a PE ratio of 39.65 and a beta of 1.03.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Valvoline had a net margin of 5.17% and a return on equity of 65.12%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $543.21 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. As a group, analysts expect that Valvoline will post 1.76 EPS for the current fiscal year.

Valvoline announced that its Board of Directors has authorized a share buyback program on Tuesday, September 29th that allows the company to repurchase $175 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VVV. Wells Fargo & Company lowered their target price on shares of Valvoline from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, October 23rd. Zacks Research lowered Valvoline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. New Street Research set a $34.00 price target on Valvoline in a report on Thursday, October 1st. Piper Sandler restated an "overweight" rating and issued a $44.00 price objective on shares of Valvoline in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their price objective on Valvoline from $49.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.17.

Valvoline Profile

Valvoline Inc NYSE: VVV is an automotive maintenance services company that operates and franchises Valvoline Instant Oil Change service centers. Its locations provide preventive vehicle maintenance designed to help drivers keep their cars operating reliably and extend the useful life of key components.

The company's services include oil changes, fluid replacement and top-offs, battery testing and replacement, air-conditioning services, tire rotation, tire services, and replacement of filters, wiper blades, and other routine maintenance items.

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