Deutsche Bank AG Buys New Position in Valvoline $VVV

Deutsche Bank AG purchased a new position in shares of Valvoline (NYSE:VVV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 136,085 shares of the basic materials company's stock, valued at approximately $5,381,000. Deutsche Bank AG owned approximately 0.11% of Valvoline at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VVV. Measured Wealth Private Client Group LLC bought a new stake in shares of Valvoline in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Valvoline by 1,621.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,050 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 989 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of Valvoline during the first quarter valued at about $42,000. GAMMA Investing LLC boosted its holdings in Valvoline by 39.9% during the second quarter. GAMMA Investing LLC now owns 1,435 shares of the basic materials company's stock worth $57,000 after purchasing an additional 409 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Valvoline by 90.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the basic materials company's stock worth $55,000 after purchasing an additional 691 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Valvoline Stock Performance

NYSE VVV opened at $33.35 on Tuesday. The company has a market capitalization of $4.26 billion, a PE ratio of 41.69 and a beta of 1.00. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.58 and a current ratio of 0.70. Valvoline has a 52-week low of $28.50 and a 52-week high of $41.33. The company has a 50-day simple moving average of $37.59 and a 200 day simple moving average of $35.89.

Valvoline (NYSE:VVV - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. Valvoline had a net margin of 5.17% and a return on equity of 65.12%. The firm had revenue of $544.60 million for the quarter, compared to analysts' expectations of $543.21 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company'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. On average, research analysts predict that Valvoline will post 1.76 EPS for the current year.

Analyst Ratings Changes

VVV has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on shares of Valvoline from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, May 11th. The Goldman Sachs Group restated a "buy" rating and issued a $45.00 target price on shares of Valvoline in a research note on Thursday, May 7th. Barclays upped their target price on Valvoline from $35.00 to $41.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Zacks Research downgraded Valvoline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, Stephens lifted their price target on Valvoline from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.88.

Insider Buying and Selling

In other Valvoline news, insider Jonathan L. Caldwell sold 2,851 shares of the stock in a transaction 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 directly owned 20,918 shares of the company's stock, valued at approximately $836,720. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jordan M. Denny acquired 1,506 shares of Valvoline stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $33.20 per share, with a total value of $49,999.20. Following the completion of the acquisition, the chief accounting officer owned 4,121 shares of the company's stock, valued at $136,817.20. This trade represents a 57.59% increase in their position. The SEC filing for this purchase provides additional information. 0.66% of the stock is currently owned by insiders.

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