Valvoline Inc. (NYSE:VVV) Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 6,913.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,538 shares of the basic materials company's stock after buying an additional 74,461 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Valvoline worth $2,629,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Valvoline by 221.8% during the 1st 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. Confluence Investment Management LLC lifted its stake in Valvoline by 101.4% in the 1st quarter. Confluence Investment Management LLC now owns 506,205 shares of the basic materials company's stock valued at $17,621,000 after buying an additional 254,814 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Valvoline by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,773 shares of the basic materials company's stock valued at $607,000 after buying an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Valvoline by 1.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 161,962 shares of the basic materials company's stock valued at $5,860,000 after buying an additional 2,979 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Valvoline by 5.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 466,662 shares of the basic materials company's stock valued at $16,884,000 after buying an additional 24,245 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Valvoline news, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the transaction, the chief executive officer now owns 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on VVV shares. Citigroup cut their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Piper Sandler reiterated an "overweight" rating and issued a $44.00 price objective (down previously from $45.00) on shares of Valvoline in a report on Friday, May 9th. TD Cowen started coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. TD Securities started coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of Valvoline from a "hold" rating to a "buy" rating and increased their price objective for the company from $40.00 to $45.00 in a report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Valvoline presently has an average rating of "Moderate Buy" and a consensus price target of $42.54.

Valvoline Stock Up 2.9%

Valvoline stock traded up $1.02 during midday trading on Monday, hitting $36.40. 2,060,144 shares of the company were exchanged, compared to its average volume of 1,473,661. The company's fifty day moving average price is $34.58 and its 200-day moving average price is $35.89. The company has a market cap of $4.63 billion, a PE ratio of 17.42 and a beta of 1.17. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last announced its earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The business had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. During the same period in the previous year, the company earned $0.37 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Valvoline 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.