Deutsche Bank AG Grows Stock Position in Valvoline Inc. (NYSE:VVV)

Deutsche Bank AG lifted its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 437.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,140 shares of the basic materials company's stock after purchasing an additional 108,355 shares during the quarter. Deutsche Bank AG owned 0.10% of Valvoline worth $4,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in Valvoline by 52.4% in the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after acquiring an additional 18,414 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Valvoline by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock valued at $59,435,000 after purchasing an additional 16,912 shares in the last quarter. Private Advisor Group LLC purchased a new position in Valvoline in the 4th quarter valued at $223,000. Avantax Advisory Services Inc. lifted its holdings in Valvoline by 33.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock valued at $576,000 after purchasing an additional 4,013 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Valvoline by 24.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company's stock valued at $319,000 after purchasing an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Trading Down 0.5%

VVV traded down $0.17 on Friday, hitting $34.03. The company had a trading volume of 1,277,945 shares, compared to its average volume of 1,425,376. The firm has a market cap of $4.33 billion, a P/E ratio of 16.28 and a beta of 1.20. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The company's fifty day moving average price is $34.29 and its 200 day moving average price is $36.51. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The company had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on VVV. Royal Bank of Canada lifted their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. TD Securities began coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Citigroup reduced their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Piper Sandler reiterated an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a report on Friday, May 9th. Finally, TD Cowen began coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.33.

Insider Transactions at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the transaction, the insider now directly owns 15,305 shares of the company's stock, valued at approximately $572,560.05. The trade was a 28.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company's stock.

Valvoline 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.