Bank of America Corp DE Has $21.46 Million Holdings in Valvoline Inc. (NYSE:VVV)

Bank of America Corp DE decreased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,261 shares of the basic materials company's stock after selling 380,007 shares during the quarter. Bank of America Corp DE owned approximately 0.46% of Valvoline worth $21,464,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VVV. Vanguard Group Inc. lifted its position in Valvoline by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock worth $466,492,000 after buying an additional 101,834 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Valvoline by 11.1% in the fourth quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock valued at $391,405,000 after acquiring an additional 1,080,114 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in Valvoline by 35.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock worth $152,726,000 after acquiring an additional 1,096,486 shares in the last quarter. Alua Capital Management LP boosted its position in Valvoline by 5.1% during the fourth quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company's stock valued at $130,439,000 after purchasing an additional 175,848 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Valvoline by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock valued at $94,362,000 after purchasing an additional 6,871 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Insider Transactions at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on VVV. Piper Sandler reissued an "overweight" rating and issued a $44.00 price objective (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their price target on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Wells Fargo & Company dropped their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley reduced their target price on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Valvoline Price Performance

NYSE:VVV opened at $34.96 on Tuesday. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm's 50-day simple moving average is $34.39 and its 200 day simple moving average is $36.68. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 16.73 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, sell-side analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

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.

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