NewEdge Advisors LLC Purchases 20,849 Shares of Valvoline $VVV

Key Points

• NewEdge Advisors LLC increased its stake in Valvoline by 37.4%, owning 76,554 shares valued at approximately $2.67 million after acquiring an additional 20,849 shares.
• Valvoline's stock has received a range of ratings from analysts, with Goldman Sachs upgrading it from "hold" to "buy," raising the price target from $40 to $45.
• Valvoline reported a quarterly EPS of $0.47, exceeding analyst expectations, with a revenue of $439 million, marking a 4.2% increase year-over-year.

NewEdge Advisors LLC lifted its holdings in shares of Valvoline (NYSE:VVV - Free Report) by 37.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,554 shares of the basic materials company's stock after purchasing an additional 20,849 shares during the period. NewEdge Advisors LLC owned about 0.06% of Valvoline worth $2,665,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Management Inc. WI increased its holdings in shares of 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 buying an additional 548,071 shares during the last quarter. Alua Capital Management LP lifted its position in shares of Valvoline by 3.6% during the first quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company's stock worth $129,997,000 after purchasing an additional 129,185 shares during the last quarter. Boston Partners bought a new position in shares of Valvoline during the first quarter worth about $82,748,000. Vaughan Nelson Investment Management L.P. raised its stake in 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 acquiring an additional 467,885 shares during the period. Finally, Sculptor Capital LP raised its stake in 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 acquiring an additional 13,000 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on VVV. Wells Fargo & Company increased their price objective on shares of Valvoline from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Valvoline from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Zacks Research upgraded shares of Valvoline to a "hold" rating in a research note on Tuesday, August 12th. Stephens raised their price target on shares of Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Piper Sandler raised their price target on shares of Valvoline from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.77.

Valvoline Stock Down 0.2%

VVV stock traded down $0.08 during midday trading on Friday, reaching $40.47. The company had a trading volume of 1,224,422 shares, compared to its average volume of 1,432,092. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $5.14 billion, a P/E ratio of 18.82 and a beta of 1.21. The company has a 50 day moving average of $38.12 and a two-hundred day moving average of $36.22.

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

Insider Buying and Selling at Valvoline

In other Valvoline news, CFO J Kevin Willis purchased 12,725 shares of the business's stock in a transaction dated 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 owned 12,725 shares of the company's stock, valued at $501,492.25. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company's stock.

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.