Glenmede Trust Co. NA lowered its stake in Valvoline (NYSE:VVV - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,077 shares of the basic materials company's stock after selling 37,039 shares during the period. Glenmede Trust Co. NA owned approximately 0.31% of Valvoline worth $13,441,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Valvoline by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 12,323,516 shares of the basic materials company's stock worth $358,121,000 after acquiring an additional 94,813 shares during the last quarter. Boston Partners boosted its stake in shares of Valvoline by 20.6% during the fourth quarter. Boston Partners now owns 6,679,911 shares of the basic materials company's stock valued at $194,449,000 after purchasing an additional 1,142,290 shares during the period. Wellington Management Group LLP boosted its stake in shares of Valvoline by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 6,067,541 shares of the basic materials company's stock valued at $176,323,000 after purchasing an additional 610,014 shares during the period. Fiduciary Management Inc. WI grew its holdings in shares of Valvoline by 4.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 4,972,363 shares of the basic materials company's stock worth $144,497,000 after purchasing an additional 220,642 shares during the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of Valvoline by 28.3% in the fourth quarter. Cooke & Bieler LP now owns 4,281,095 shares of the basic materials company's stock worth $124,409,000 after purchasing an additional 944,095 shares during the last quarter. Institutional investors own 96.13% of the company's stock.
Insider Activity at Valvoline
In related news, Director Richard Joseph Freeland bought 3,100 shares of the company's stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $32.37 per share, with a total value of $100,347.00. Following the transaction, the director owned 16,112 shares in the company, valued at approximately $521,545.44. This trade represents a 23.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Kevin Willis purchased 10,000 shares of Valvoline stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $31.80 per share, for a total transaction of $318,000.00. Following the transaction, the chief financial officer directly owned 32,725 shares of the company's stock, valued at $1,040,655. This trade represents a 44.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 14,100 shares of company stock valued at $450,877 over the last quarter. Company insiders own 0.66% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on VVV. Stifel Nicolaus upped their price target on shares of Valvoline from $42.00 to $44.00 and gave the company a "buy" rating in a report on Monday, May 11th. Barclays raised their price target on shares of Valvoline from $35.00 to $41.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded shares of Valvoline from an "underweight" rating to a "neutral" rating and set a $35.00 price objective on the stock in a research report on Friday, May 29th. New Street Research set a $47.00 price objective on shares of Valvoline in a research note on Monday, July 20th. Finally, Roth Capital reiterated a "buy" rating and set a $46.00 target price on shares of Valvoline in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Valvoline has an average rating of "Moderate Buy" and an average target price of $42.75.
Check Out Our Latest Stock Analysis on VVV
Valvoline Price Performance
VVV opened at $38.49 on Monday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.61 and a current ratio of 0.73. The stock has a market capitalization of $4.91 billion, a PE ratio of 52.72 and a beta of 1.00. The stock's 50 day moving average price is $37.78 and its 200-day moving average price is $35.62. Valvoline has a 52-week low of $28.50 and a 52-week high of $41.33.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The company had revenue of $503.80 million during the quarter, compared to analyst estimates of $495.67 million. Valvoline had a return on equity of 66.54% and a net margin of 5.03%.The firm's revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Valvoline has set its FY 2026 guidance at 1.650-1.750 EPS. On average, equities research analysts predict that Valvoline will post 1.75 EPS for the current year.
Valvoline Profile
(
Free Report)
Valvoline NYSE: VVV is a leading global producer and distributor of automotive and industrial lubricants. The company's portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline's products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.
In addition to its core lubricant business, Valvoline operates one of North America's largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).
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