Fox Run Management L.L.C. Has $1.20 Million Position in Valvoline $VVV

Key Points

• Fox Run Management L.L.C. reduced its stake in Valvoline by 38.7%, selling 21,776 shares to hold 34,564 shares valued at approximately $1.2 million.
• Valvoline's earnings report for the last quarter showed $0.47 EPS, surpassing analysts' expectations of $0.46, with revenue rising by 4.2% year-over-year.
• Valvoline's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus price target of $42.31.

Fox Run Management L.L.C. lessened its holdings in Valvoline (NYSE:VVV - Free Report) by 38.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,564 shares of the basic materials company's stock after selling 21,776 shares during the quarter. Fox Run Management L.L.C.'s holdings in Valvoline were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of VVV. LPL Financial LLC increased its position in shares of Valvoline by 26.5% during the fourth quarter. LPL Financial LLC now owns 33,872 shares of the basic materials company's stock valued at $1,225,000 after buying an additional 7,097 shares during the period. Advisory Services Network LLC increased its position in shares of Valvoline by 80.2% during the fourth quarter. Advisory Services Network LLC now owns 8,980 shares of the basic materials company's stock valued at $325,000 after buying an additional 3,997 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Valvoline by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 56,792 shares of the basic materials company's stock valued at $2,055,000 after buying an additional 360 shares during the period. Barclays PLC increased its position in shares of Valvoline by 271.0% during the fourth quarter. Barclays PLC now owns 198,785 shares of the basic materials company's stock valued at $7,192,000 after buying an additional 145,205 shares during the period. Finally, Mariner LLC increased its position in shares of Valvoline by 3.7% during the fourth quarter. Mariner LLC now owns 16,793 shares of the basic materials company's stock valued at $608,000 after buying an additional 602 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Cfra Research upgraded shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Citigroup dropped their target price on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their target price on shares of Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Zacks Research upgraded shares of Valvoline to a "hold" rating in a research report on Tuesday, August 12th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.31.

Insiders Place Their Bets

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

Valvoline Trading Down 0.3%

Shares of VVV traded down $0.13 during trading on Friday, reaching $39.27. 1,466,912 shares of the company traded hands, compared to its average volume of 1,875,846. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. The stock has a market cap of $4.99 billion, a PE ratio of 18.27 and a beta of 1.17. The stock has a 50-day simple moving average of $37.33 and a 200-day simple moving average of $36.06. Valvoline has a twelve month low of $31.01 and a twelve month high of $43.74.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. Valvoline's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts anticipate that Valvoline will post 1.63 earnings per share for the current 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.