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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alua Capital Management LP lifted its holdings in shares of 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 worth $130,439,000 after purchasing an additional 175,848 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Valvoline by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock worth $94,362,000 after acquiring an additional 6,871 shares during the period. Boston Partners purchased a new stake in shares of Valvoline in the first quarter valued at about $82,748,000. Vaughan Nelson Investment Management L.P. raised its holdings in Valvoline by 29.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,045,198 shares of the basic materials company's stock worth $71,193,000 after purchasing an additional 467,885 shares in the last quarter. Finally, Sculptor Capital LP boosted its holdings in Valvoline by 0.6% in the 4th quarter. Sculptor Capital LP now owns 2,033,500 shares of the basic materials company's stock valued at $73,572,000 after purchasing an additional 13,000 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Piper Sandler restated an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Zacks Research raised Valvoline to a "hold" rating in a research note on Tuesday, August 12th. Morgan Stanley lowered their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Citigroup lowered their target price on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Cfra Research upgraded Valvoline to a "hold" rating in a research report on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.31.

Valvoline Price Performance

Shares of NYSE:VVV traded up $0.9680 on Friday, hitting $39.8480. The company had a trading volume of 857,417 shares, compared to its average volume of 1,785,644. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. Valvoline has a 52-week low of $31.01 and a 52-week high of $43.74. The business has a 50 day moving average of $37.63 and a 200 day moving average of $36.12. The company has a market cap of $5.07 billion, a PE ratio of 18.53 and a beta of 1.17.

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

Insiders Place Their Bets

In related news, CFO J Kevin Willis bought 12,725 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the acquisition, the chief financial officer owned 12,725 shares in the company, valued at $501,492.25. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lori Ann Flees bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the transaction, the chief executive officer directly owned 46,614 shares in the company, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their position. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.

Valvoline Company 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.