Federation des caisses Desjardins du Quebec Boosts Stake in Valvoline $VVV

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Valvoline (NYSE:VVV) by 8.3% in the first quarter, owning a total of 117,418 shares valued at approximately $4,087,000.
• Valvoline reported earnings of $0.47 per share, exceeding expectations, with revenues of $439 million, marking a 4.2% increase year-over-year.
• Institutional investors control 96.13% of Valvoline's stock, and analysts have a favorable outlook, with many recommending a Moderate Buy rating.

Federation des caisses Desjardins du Quebec grew its stake in shares of Valvoline (NYSE:VVV - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,418 shares of the basic materials company's stock after purchasing an additional 8,986 shares during the quarter. Federation des caisses Desjardins du Quebec owned approximately 0.09% of Valvoline worth $4,087,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Valvoline by 24.2% in the 4th quarter. Northern Trust Corp now owns 1,161,652 shares of the basic materials company's stock worth $42,029,000 after acquiring an additional 226,085 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Valvoline by 8.8% in the fourth quarter. Jane Street Group LLC now owns 107,206 shares of the basic materials company's stock worth $3,879,000 after purchasing an additional 8,677 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Valvoline by 61.8% during the 4th quarter. BNP Paribas Financial Markets now owns 120,214 shares of the basic materials company's stock valued at $4,349,000 after purchasing an additional 45,928 shares during the period. Bayesian Capital Management LP bought a new position in Valvoline during the 4th quarter valued at approximately $264,000. Finally, Captrust Financial Advisors lifted its holdings in Valvoline by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 22,124 shares of the basic materials company's stock worth $800,000 after buying an additional 438 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Valvoline Stock Performance

NYSE VVV traded down $0.24 during trading hours on Tuesday, hitting $39.74. The company's stock had a trading volume of 1,998,685 shares, compared to its average volume of 1,717,128. Valvoline has a 12 month low of $31.01 and a 12 month high of $43.74. The company's 50 day simple moving average is $38.07 and its two-hundred day simple moving average is $36.13. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. The company has a market cap of $5.05 billion, a P/E ratio of 18.48 and a beta of 1.21.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $436.35 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Valvoline will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VVV. Cfra Research upgraded Valvoline to a "hold" rating in a report on Monday, July 7th. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and lifted their target price for the company from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Piper Sandler increased their price target on shares of Valvoline from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday. Stephens upped their target price on Valvoline from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of Valvoline from a "hold" rating to a "sell" rating in a research note on Sunday. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.77.

Insiders Place Their Bets

In other news, CFO J Kevin Willis bought 12,725 shares of the company's stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $39.41 per share, with a total value of $501,492.25. Following the completion of the transaction, the chief financial officer owned 12,725 shares of the company's stock, valued at approximately $501,492.25. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

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.