Deutsche Bank AG Boosts Holdings in Valvoline $VVV

Deutsche Bank AG grew its position in shares of Valvoline (NYSE:VVV - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,059 shares of the basic materials company's stock after purchasing an additional 15,919 shares during the period. Deutsche Bank AG owned approximately 0.12% of Valvoline worth $5,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VVV. Opal Wealth Advisors LLC purchased a new position in Valvoline in the first quarter worth about $35,000. American National Bank & Trust purchased a new position in Valvoline in the first quarter worth about $40,000. Versant Capital Management Inc grew its position in Valvoline by 221.8% in the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. CWM LLC grew its position in Valvoline by 50.8% in the first quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock worth $50,000 after acquiring an additional 485 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Valvoline by 145.4% in the first quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock worth $53,000 after acquiring an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, CFO J Kevin Willis purchased 12,725 shares of the stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $39.41 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lori Ann Flees purchased 3,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the acquisition, the chief executive officer owned 46,614 shares of the company's stock, valued at $1,574,620.92. The trade was a 6.88% increase in their position. The disclosure for this purchase can be found here. 0.66% of the stock is owned by corporate insiders.

Valvoline Stock Up 2.5%

Shares of VVV stock traded up $0.9820 during trading hours on Friday, reaching $39.8620. 111,602 shares of the company's stock were exchanged, compared to its average volume of 1,736,423. The stock's 50 day moving average is $37.54 and its 200-day moving average is $36.13. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 18.54 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. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly 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. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis. Analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on VVV shares. Zacks Research upgraded Valvoline to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley dropped their target price on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Piper Sandler restated 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. Citigroup dropped their target price on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Cfra Research upgraded Valvoline to a "hold" rating in a research report on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.31.

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.