Channing Capital Management LLC Acquires New Shares in Valvoline $VVV

Key Points

• Channing Capital Management LLC has acquired a new stake of 746,475 shares in Valvoline (NYSE:VVV), valued at approximately $25.98 million, representing about 0.59% of the company's stock.
• Several institutional investors, including Opal Wealth Advisors LLC and American National Bank & Trust, have also acquired new stakes in Valvoline, indicating increased interest from the investment community.
• Analysts have a consensus rating of "Moderate Buy" for Valvoline, with a target price averaging $42.31, following recent earnings that surpassed expectations.

Channing Capital Management LLC purchased a new stake in Valvoline (NYSE:VVV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 746,475 shares of the basic materials company's stock, valued at approximately $25,985,000. Channing Capital Management LLC owned approximately 0.59% of Valvoline as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in VVV. Opal Wealth Advisors LLC bought a new position in Valvoline in the 1st quarter valued at about $35,000. American National Bank & Trust bought a new position in Valvoline in the 1st quarter valued at about $40,000. Versant Capital Management Inc lifted its position in Valvoline by 221.8% in the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 814 shares in the last quarter. CWM LLC lifted its position in Valvoline by 50.8% in the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock valued at $50,000 after acquiring an additional 485 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in 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 acquiring an additional 907 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Insiders Place Their Bets

In other Valvoline news, CFO J Kevin Willis acquired 12,725 shares of Valvoline stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the purchase, the chief financial officer owned 12,725 shares of the company's stock, valued at approximately $501,492.25. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on VVV shares. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $45.00 in a research report on Tuesday, June 3rd. Cfra Research raised shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Piper Sandler reissued an "overweight" rating and set a $44.00 target price (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Wells Fargo & Company lifted their target price on shares of Valvoline from $42.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Stephens lifted their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock 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 given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.31.

Valvoline Stock Performance

Shares of NYSE:VVV traded up $0.07 during mid-day trading on Tuesday, reaching $39.34. The company had a trading volume of 323,796 shares, compared to its average volume of 1,728,522. Valvoline has a one year low of $31.01 and a one year high of $43.74. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 18.30 and a beta of 1.17. 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 company's 50-day moving average price is $37.69 and its 200-day moving average price is $36.13.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings data 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. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $436.35 million. During the same period in the previous year, the business earned $0.45 EPS. Valvoline's revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Valvoline will post 1.63 EPS for the current fiscal year.

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.