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 increased its position in Valvoline (NYSE:VVV - Free Report) by 37.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.06% of Valvoline worth $2,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VVV. Boston Partners purchased a new stake in Valvoline in the first quarter worth $82,748,000. Millennium Management LLC grew its stake in Valvoline by 315.4% in the first quarter. Millennium Management LLC now owns 1,510,338 shares of the basic materials company's stock worth $52,575,000 after purchasing an additional 1,146,728 shares during the period. Squarepoint Ops LLC grew its stake in Valvoline by 653.5% in the fourth quarter. Squarepoint Ops LLC now owns 1,147,254 shares of the basic materials company's stock worth $41,508,000 after purchasing an additional 994,988 shares during the period. Channing Capital Management LLC purchased a new stake in Valvoline in the first quarter worth $25,985,000. Finally, Mawer Investment Management Ltd. grew its stake in Valvoline by 144.6% in the first quarter. Mawer Investment Management Ltd. now owns 1,224,420 shares of the basic materials company's stock worth $42,622,000 after purchasing an additional 723,938 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valvoline

In other Valvoline news, CFO J Kevin Willis acquired 12,725 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were bought 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 directly owned 12,725 shares of the company's stock, valued at approximately $501,492.25. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by company insiders.

Valvoline Stock Performance

Shares of Valvoline stock traded up $0.49 during trading on Tuesday, hitting $40.66. 1,274,846 shares of the company's stock traded hands, compared to its average volume of 1,411,946. 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 stock has a market capitalization of $5.17 billion, a P/E ratio of 18.91 and a beta of 1.21. The business has a 50-day simple moving average of $38.17 and a 200-day simple moving average of $36.27.

Valvoline (NYSE:VVV - Get Free Report) last released 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 return on equity of 84.85% and a net margin of 16.43%.The company had revenue of $439.00 million for the quarter, compared to analysts' expectations of $436.35 million. During the same period last year, the firm posted $0.45 earnings per share. Valvoline's revenue was up 4.2% compared to the same quarter last year. As a group, analysts forecast that Valvoline will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

VVV has been the topic of a number of recent research reports. Piper Sandler increased their target price on Valvoline from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Zacks Research raised Valvoline to a "hold" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Cfra Research raised Valvoline to a "hold" rating in a research note on Monday, July 7th. Finally, Stephens increased their target price on 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.77.

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.