Algert Global LLC Has $2.19 Million Holdings in Valvoline $VVV

Key Points

• Algert Global LLC reduced its stake in Valvoline by 39.6%, selling 41,220 shares and leaving it with a total of 62,778 shares worth approximately $2.18 million.
• Several institutional investors have increased their positions in Valvoline, including Raymond James Financial, which boosted its stake by 121%, and Boston Partners, which acquired a new position valued at $82.75 million.
• Valvoline's stock recently opened at $38.82 and has experienced a range of $31.01 to $43.74 over the past year, reflecting a significant performance in the market.

Algert Global LLC cut its stake in shares of Valvoline (NYSE:VVV - Free Report) by 39.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,778 shares of the basic materials company's stock after selling 41,220 shares during the quarter. Algert Global LLC's holdings in Valvoline were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Valvoline by 24.9% during the first quarter. IFP Advisors Inc now owns 2,832 shares of the basic materials company's stock worth $100,000 after buying an additional 565 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Valvoline during the 1st quarter worth $316,000. Yousif Capital Management LLC grew its position in Valvoline by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock worth $1,608,000 after acquiring an additional 794 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Valvoline in the 1st quarter worth about $865,000. Institutional investors own 96.13% of the company's stock.

Insider Buying and Selling

In other Valvoline news, CEO Lori Ann Flees purchased 3,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were purchased 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 approximately $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Kevin Willis purchased 12,725 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was bought at an average cost of $39.41 per share, with a total value of $501,492.25. Following the completion of the purchase, the chief financial officer owned 12,725 shares of the company's stock, valued at approximately $501,492.25. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.66% of the company's stock.

Valvoline Trading Up 2.5%

VVV stock traded up $0.9680 during trading on Friday, hitting $39.8480. The company had a trading volume of 857,417 shares, compared to its average volume of 1,745,813. The stock has a market cap of $5.07 billion, a PE ratio of 25.06 and a beta of 1.17. The business has a 50-day moving average of $37.63 and a 200-day moving average of $36.12. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. Valvoline has a one year low of $31.01 and a one year high of $43.74.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Research analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VVV shares. Morgan Stanley cut their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Stephens boosted their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Piper Sandler restated an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Finally, Citigroup cut their price target on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.31.

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.