Geneva Capital Management LLC raised its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,252,659 shares of the basic materials company's stock after buying an additional 32,206 shares during the quarter. Geneva Capital Management LLC owned about 0.99% of Valvoline worth $43,605,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Huntington National Bank raised its stake in shares of Valvoline by 1,004.9% in the fourth 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 in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Valvoline in the first quarter valued at $35,000. American National Bank & Trust acquired a new position in shares of Valvoline in the first quarter valued at $40,000. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 814 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Valvoline in the fourth quarter valued at $49,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.
Valvoline Price Performance
Shares of VVV stock opened at $35.02 on Monday. The stock's fifty day moving average is $36.71 and its 200-day moving average is $35.96. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.60 and a current ratio of 0.73. The stock has a market capitalization of $4.45 billion, a PE ratio of 17.00 and a beta of 1.17. Valvoline has a 52 week low of $31.01 and a 52 week high of $45.28.
Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The firm had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. During the same period last year, the company earned $0.37 EPS. The company's revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Valvoline will post 1.63 EPS for the current fiscal year.
Insider Activity at Valvoline
In other news, CEO Lori Ann Flees acquired 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the acquisition, the chief executive officer owned 46,614 shares in the company, valued at $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
VVV has been the subject of a number of recent research reports. Cfra Research upgraded Valvoline to a "hold" rating in a research note on Monday, July 7th. Wells Fargo & Company lowered their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. 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. Stephens upped their price target on Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Citigroup lowered their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.15.
Read Our Latest Analysis on VVV
Valvoline Profile
(
Free Report)
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.
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