Jump Financial LLC Invests $322,000 in Valvoline $VVV

Key Points

• Jump Financial LLC acquired 9,260 shares of Valvoline, valued at approximately $322,000, as reported in their recent 13F filing with the SEC.
• Valvoline's stock price decreased by 0.9% to $38.43, with a market capitalization of $4.88 billion and a recent earnings report showing $0.47 EPS, surpassing estimates.
• The firm received several upgrades from analysts, including a raise in price targets by Goldman Sachs to $45.00 and by Stephens to $44.00, with a consensus rating of "Moderate Buy."

Jump Financial LLC bought a new position in shares of Valvoline (NYSE:VVV - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,260 shares of the basic materials company's stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Management Inc. WI grew its position in Valvoline by 13.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company's stock worth $166,021,000 after purchasing an additional 548,071 shares during the last quarter. Boston Partners acquired a new stake in shares of Valvoline during the first quarter worth about $82,748,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Valvoline by 29.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,045,198 shares of the basic materials company's stock worth $71,193,000 after buying an additional 467,885 shares during the period. Sculptor Capital LP grew its holdings in shares of Valvoline by 0.6% during the fourth quarter. Sculptor Capital LP now owns 2,033,500 shares of the basic materials company's stock worth $73,572,000 after buying an additional 13,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Valvoline by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,673,073 shares of the basic materials company's stock valued at $58,240,000 after acquiring an additional 30,319 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Price Performance

Shares of NYSE VVV traded up $0.05 during trading on Friday, hitting $39.01. 1,239,901 shares of the company were exchanged, compared to its average volume of 1,310,955. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 18.14 and a beta of 1.21. The firm's fifty day moving average price is $38.02 and its 200 day moving average price is $36.13.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data 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. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The firm had revenue of $439.00 million during the quarter, compared to analysts' expectations of $436.35 million. During the same quarter last year, the business earned $0.45 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price objective (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Morgan Stanley decreased their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Wells Fargo & Company boosted their price objective 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. Cfra Research upgraded shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Finally, Stephens raised their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.31.

Insider Buying and Selling at Valvoline

In other news, CFO J Kevin Willis purchased 12,725 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the acquisition, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

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.