Envestnet Asset Management Inc. Has $5.84 Million Position in Valvoline (NYSE:VVV)

Envestnet Asset Management Inc. cut its position in Valvoline (NYSE:VVV - Free Report) by 44.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,775 shares of the basic materials company's stock after selling 132,220 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Valvoline worth $5,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in Valvoline by 1,004.9% during 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. Opal Wealth Advisors LLC acquired a new position in Valvoline during the first quarter valued at approximately $35,000. American National Bank & Trust acquired a new position in Valvoline during the first quarter valued at approximately $40,000. Versant Capital Management Inc lifted its stake 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 valued at $41,000 after buying an additional 814 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Valvoline in the fourth quarter valued at approximately $49,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VVV. Cfra Research raised shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. TD Securities began coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. TD Cowen began coverage on shares of Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price target (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Finally, Morgan Stanley dropped their price target 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. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Valvoline has a consensus rating of "Moderate Buy" and a consensus price target of $42.54.

Insider Transactions at Valvoline

In other news, CEO Lori Ann Flees bought 3,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $33.78 per share, with a total value of $101,340.00. Following the transaction, the chief executive officer owned 46,614 shares of the company's stock, valued at $1,574,620.92. This trade represents a 6.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by company insiders.

Valvoline Price Performance

VVV traded up $0.42 on Friday, hitting $35.87. 1,654,040 shares of the stock were exchanged, compared to its average volume of 1,740,569. Valvoline has a 12 month low of $31.01 and a 12 month high of $47.08. The business has a 50-day moving average of $36.60 and a two-hundred day moving average of $35.95. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 17.41 and a beta of 1.18.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results 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). The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 106.36% and a net margin of 15.97%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. Sell-side analysts forecast that Valvoline will post 1.63 EPS for the current fiscal year.

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.