Hsbc Holdings PLC Acquires 40,188 Shares of Valvoline $VVV

Key Points

• Hsbc Holdings PLC significantly increased its stake in Valvoline by 289.4%, acquiring an additional 40,188 shares to hold a total of 54,073 shares valued at approximately $1.88 million.
• Multiple institutional investors, including IFP Advisors and GAMMA Investing, also increased their positions in Valvoline during the first quarter, with institutional ownership reaching 96.13% of the company’s stock.
• Wall Street analysts have mixed reviews on Valvoline, with nine analysts rating it as a Buy while six have given it a Hold rating, and a general consensus target price of $42.31.

Hsbc Holdings PLC raised its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 289.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,073 shares of the basic materials company's stock after purchasing an additional 40,188 shares during the period. Hsbc Holdings PLC's holdings in Valvoline were worth $1,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Valvoline by 24.9% during the first quarter. IFP Advisors Inc now owns 2,832 shares of the basic materials company's stock valued at $100,000 after purchasing an additional 565 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Valvoline by 101.5% during the first quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company's stock valued at $76,000 after buying an additional 1,093 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Valvoline during the first quarter valued at approximately $316,000. Yousif Capital Management LLC grew its holdings in shares of Valvoline by 1.7% during the first quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock valued at $1,608,000 after buying an additional 794 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Valvoline during the first quarter valued at approximately $865,000. Institutional investors own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

VVV has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Valvoline to a "hold" rating in a report on Tuesday, August 12th. Cfra Research upgraded shares of Valvoline to a "hold" rating in a report on Monday, July 7th. Morgan Stanley cut their price target on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group upgraded shares of Valvoline from a "hold" rating to a "buy" rating and increased their price target for the company from $40.00 to $45.00 in a report on Tuesday, June 3rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a report on Friday, May 9th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.31.

Insider Transactions at Valvoline

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. Insiders own 0.66% of the company's stock.

Valvoline Price Performance

NYSE VVV opened at $39.65 on Thursday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 18.44 and a beta of 1.17. 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 business's fifty day moving average price is $37.81 and its 200-day moving average price is $36.18. Valvoline has a 1-year low of $31.01 and a 1-year high of $43.74.

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

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