Envestnet Asset Management Inc. Sells 132,220 Shares of Valvoline (NYSE:VVV)

Envestnet Asset Management Inc. decreased its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 44.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VVV. Vanguard Group Inc. increased its position in shares of Valvoline by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock valued at $466,492,000 after purchasing an additional 101,834 shares during the period. Wasatch Advisors LP grew its holdings in shares of Valvoline by 11.1% in the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock worth $391,405,000 after acquiring an additional 1,080,114 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Valvoline by 35.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock worth $152,726,000 after acquiring an additional 1,096,486 shares during the last quarter. Alua Capital Management LP grew its position in Valvoline by 5.1% in the fourth quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company's stock worth $130,439,000 after acquiring an additional 175,848 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Valvoline by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock worth $94,362,000 after purchasing an additional 6,871 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on VVV shares. Cfra Research upgraded Valvoline to a "hold" rating in a research note on Monday, July 7th. Piper Sandler reissued an "overweight" rating and set a $44.00 price target (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. Morgan Stanley lowered their target price on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and upped their target price for the stock from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company dropped their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.54.

Valvoline Stock Up 1.2%

VVV traded up $0.42 during midday trading on Friday, hitting $35.87. The company had a trading volume of 1,654,040 shares, compared to its average volume of 1,851,966. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 4.23. The stock's 50 day moving average price is $36.62 and its 200 day moving average price is $35.96. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 17.41 and a beta of 1.18. Valvoline has a 52 week low of $31.01 and a 52 week high of $47.08.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $403.20 million for the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. On average, research analysts anticipate that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lori Ann Flees acquired 3,000 shares of Valvoline stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $33.78 per share, with a total value of $101,340.00. Following the transaction, the chief executive officer directly owned 46,614 shares in the company, valued at approximately $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by insiders.

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.