Valvoline $VVV is Alua Capital Management LP's 2nd Largest Position

Key Points

• Alua Capital Management LP increased its stake in Valvoline by 3.6%, acquiring an additional 129,185 shares, bringing its total ownership to approximately 3.73 million shares worth about $130 million.
• Hedge funds and institutional investors collectively own 96.13% of Valvoline's stock, with several notable transactions occurring in the first quarter, including Boston Partners' new stake worth $82.7 million.
• Despite recent adjustments in analyst ratings, the consensus rating for Valvoline remains a "Moderate Buy," with a target price set at approximately $42.31.

Alua Capital Management LP lifted its stake in shares of Valvoline (NYSE:VVV - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,734,466 shares of the basic materials company's stock after purchasing an additional 129,185 shares during the quarter. Valvoline comprises 10.2% of Alua Capital Management LP's investment portfolio, making the stock its 2nd biggest holding. Alua Capital Management LP owned about 2.94% of Valvoline worth $129,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Valvoline during the 1st quarter worth about $35,000. American National Bank & Trust bought a new position in shares of Valvoline during the 1st quarter worth about $40,000. Versant Capital Management Inc boosted its position in shares of Valvoline by 221.8% during the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock worth $41,000 after purchasing an additional 814 shares in the last quarter. CWM LLC boosted its position in shares of Valvoline by 50.8% during the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock worth $50,000 after purchasing an additional 485 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Valvoline by 145.4% during the 1st quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock worth $53,000 after purchasing an additional 907 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of VVV traded up $0.05 on Friday, reaching $39.01. 1,239,901 shares of the company's stock traded hands, compared to its average volume of 1,310,955. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. The stock has a market cap of $4.96 billion, a PE ratio of 18.14 and a beta of 1.21. The stock's 50 day simple moving average is $38.02 and its two-hundred day simple moving average is $36.13. Valvoline has a 52-week low of $31.01 and a 52-week 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 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.Valvoline's revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. On average, analysts forecast that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO J Kevin Willis purchased 12,725 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the purchase, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VVV shares. Piper Sandler reissued an "overweight" rating and set a $44.00 price objective (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Cfra Research raised shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of Valvoline from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Morgan Stanley dropped their price target on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, Stephens raised their price target on shares of Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Valvoline has a consensus rating of "Moderate Buy" and an average price target of $42.31.

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.