Baxter Bros Inc. Acquires New Shares in Valvoline $VVV

Key Points

• Baxter Bros Inc. has acquired a new stake of 15,880 shares in Valvoline, valued at approximately $601,000. This acquisition reflects an ongoing interest from institutional investors in the company.
• Valvoline's stock had a market cap of $4.38 billion, with earnings per share reported at $0.47, exceeding analysts' expectations by $0.01.
• Recent analyst reviews have been mixed, with nine analysts rating it as a Buy and others downgrading the stock to a "sell," indicating a fluctuating perception in the market.

Baxter Bros Inc. acquired a new stake in Valvoline (NYSE:VVV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,880 shares of the basic materials company's stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also modified their holdings of VVV. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Valvoline by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,773 shares of the basic materials company's stock valued at $607,000 after purchasing an additional 409 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Valvoline by 6,913.7% in the 1st quarter. GAMMA Investing LLC now owns 75,538 shares of the basic materials company's stock valued at $2,629,000 after purchasing an additional 74,461 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Valvoline by 145.4% in the 1st quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 907 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Valvoline by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock valued at $1,608,000 after purchasing an additional 794 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Valvoline in the 1st quarter worth $496,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Stock Performance

NYSE VVV opened at $34.46 on Thursday. The stock has a market cap of $4.38 billion, a P/E ratio of 16.03 and a beta of 1.18. The company's 50-day simple moving average is $38.16 and its 200 day simple moving average is $36.42. Valvoline has a twelve month low of $31.01 and a twelve month high of $43.74. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37.

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

Analyst Upgrades and Downgrades

VVV has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Valvoline from a "hold" rating to a "sell" rating in a report on Friday, September 26th. Cfra Research upgraded shares of Valvoline to a "hold" rating in a report on Monday, July 7th. Piper Sandler lifted their target price on shares of Valvoline from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Zacks Research upgraded shares of Valvoline to a "hold" rating in a report on Tuesday, August 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Valvoline from $42.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.77.

Insiders Place Their Bets

In other news, CFO J Kevin Willis acquired 12,725 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were purchased 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 $501,492.25. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company's stock.

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.

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