Deutsche Bank AG Purchases 108,355 Shares of Valvoline Inc. (NYSE:VVV)

Deutsche Bank AG grew its position in Valvoline Inc. (NYSE:VVV - Free Report) by 437.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 approximately 0.10% of Valvoline worth $4,817,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 814 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Valvoline in the 4th quarter valued at $36,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Valvoline in the 4th quarter valued at $49,000. Headlands Technologies LLC bought a new stake in shares of Valvoline in the 4th quarter valued at $73,000. Finally, Atala Financial Inc bought a new stake in shares of Valvoline in the 4th quarter valued at $77,000. 96.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Julie Marie O'daniel sold 6,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares in the company, valued at $572,560.05. This represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company's stock.

Valvoline Stock Up 1.8%

VVV traded up $0.59 during trading on Thursday, hitting $34.20. 1,520,352 shares of the company's stock were exchanged, compared to its average volume of 1,417,364. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The business's 50 day moving average is $34.37 and its two-hundred day moving average is $36.65. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27. The stock has a market cap of $4.35 billion, a P/E ratio of 16.36 and a beta of 1.20.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Piper Sandler reiterated 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. Finally, TD Securities initiated coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.33.

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.