BlackRock Inc. Acquires Shares of 12,692,233 Valvoline $VVV

BlackRock Inc. acquired a new position in Valvoline (NYSE:VVV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,692,233 shares of the basic materials company's stock, valued at approximately $501,851,000. BlackRock Inc. owned 9.95% of Valvoline as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of VVV. Royal Bank of Canada grew its holdings in Valvoline by 298.5% in the first quarter. Royal Bank of Canada now owns 253,447 shares of the basic materials company's stock valued at $8,822,000 after purchasing an additional 189,842 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Valvoline by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 858,584 shares of the basic materials company's stock valued at $29,887,000 after buying an additional 37,657 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Valvoline by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 487,609 shares of the basic materials company's stock valued at $16,974,000 after acquiring an additional 20,947 shares during the period. Jane Street Group LLC grew its stake in Valvoline by 15.7% in the 1st quarter. Jane Street Group LLC now owns 124,071 shares of the basic materials company's stock valued at $4,319,000 after acquiring an additional 16,865 shares during the period. Finally, Creative Planning increased its holdings in Valvoline by 40.1% in the 2nd quarter. Creative Planning now owns 8,225 shares of the basic materials company's stock worth $311,000 after acquiring an additional 2,353 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Price Performance

NYSE:VVV opened at $33.35 on Tuesday. Valvoline has a 52 week low of $28.50 and a 52 week high of $41.33. The stock's fifty day moving average is $37.59 and its two-hundred day moving average is $35.89. The company has a market capitalization of $4.26 billion, a P/E ratio of 41.69 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 3.77.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on VVV. Benchmark initiated coverage on shares of Valvoline in a research report on Wednesday, August 19th. They issued a "buy" rating and a $48.00 target price on the stock. Royal Bank Of Canada reduced their price target on shares of Valvoline from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. Stephens raised their price target on shares of Valvoline from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Stifel Nicolaus lifted 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. Finally, New Street Research set a $47.00 price objective on Valvoline in a research note on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.88.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O'daniel sold 3,700 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $33.81, for a total value of $125,097.00. Following the sale, the insider directly owned 14,279 shares of the company's stock, valued at approximately $482,772.99. The trade was a 20.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan L. Caldwell sold 2,851 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $40.00, for a total transaction of $114,040.00. Following the completion of the transaction, the insider owned 20,918 shares in the company, valued at approximately $836,720. This represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.66% of the company's stock.

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).

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