Bank of New York Mellon Corp Makes New Investment in Valvoline $VVV

Key Points

• Bank of New York Mellon acquired 1.06 million Valvoline shares in the second quarter, valued at approximately $42.1 million and representing 0.83% of the company.
• Institutional investors own 96.13% of Valvoline, with several major funds—including Vanguard, Boston Partners, Wellington Management and Cooke & Bieler—also increasing their positions.
• Valvoline beat quarterly earnings expectations with $0.57 EPS versus $0.50 forecast and 24.1% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $42.88.

Bank of New York Mellon Corp acquired a new stake in shares of Valvoline (NYSE:VVV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,063,472 shares of the basic materials company's stock, valued at approximately $42,050,000. Bank of New York Mellon Corp owned 0.83% of Valvoline as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Valvoline by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 12,323,516 shares of the basic materials company's stock worth $358,121,000 after buying an additional 94,813 shares during the last quarter. Boston Partners increased its stake in shares of Valvoline by 20.6% during the 4th quarter. Boston Partners now owns 6,679,911 shares of the basic materials company's stock valued at $194,449,000 after acquiring an additional 1,142,290 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Valvoline by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 6,067,541 shares of the basic materials company's stock worth $176,323,000 after acquiring an additional 610,014 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Valvoline by 4.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 4,972,363 shares of the basic materials company's stock worth $144,497,000 after acquiring an additional 220,642 shares during the last quarter. Finally, Cooke & Bieler LP boosted its position in shares of Valvoline by 28.3% in the fourth quarter. Cooke & Bieler LP now owns 4,281,095 shares of the basic materials company's stock worth $124,409,000 after acquiring an additional 944,095 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Insiders Place Their Bets

In other Valvoline news, CAO Jordan M. Denny purchased 1,506 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $33.20 per share, for a total transaction of $49,999.20. Following the purchase, the chief accounting officer directly owned 4,121 shares in the company, valued at $136,817.20. This trade represents a 57.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Julie Marie O'daniel sold 3,700 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $33.81, for a total value of $125,097.00. Following the completion of the sale, the insider directly owned 14,279 shares of the company's stock, valued at $482,772.99. This represents a 20.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company's stock.

Valvoline Price Performance

VVV opened at $32.11 on Friday. The stock has a fifty day moving average price of $37.15 and a 200 day moving average price of $35.78. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 3.77. Valvoline has a 1 year low of $28.50 and a 1 year high of $41.33. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 40.14 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VVV shares. Zacks Research downgraded shares of Valvoline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Stifel Nicolaus upped their price objective on Valvoline from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, May 11th. JPMorgan Chase & Co. raised Valvoline from an "underweight" rating to a "neutral" rating and set a $35.00 target price on the stock in a research report on Friday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $44.00 target price on shares of Valvoline in a report on Wednesday, July 29th. Finally, Citigroup reissued a "neutral" rating on shares of Valvoline in a research report on Thursday, July 16th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.88.

Valvoline Profile

Valvoline NYSE: VVV is a leading global producer and distributor of automotive and industrial lubricants. The company's portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline's products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.

In addition to its core lubricant business, Valvoline operates one of North America's largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source