Nomura Holdings Inc. Invests $619,000 in Valvoline Inc. (NYSE:VVV)

Nomura Holdings Inc. acquired a new stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,099 shares of the basic materials company's stock, valued at approximately $619,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Valvoline by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock worth $466,492,000 after buying an additional 101,834 shares during the last quarter. Wasatch Advisors LP boosted its stake in Valvoline by 11.1% in the fourth quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock valued at $391,405,000 after acquiring an additional 1,080,114 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in Valvoline by 35.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company's stock worth $152,726,000 after purchasing an additional 1,096,486 shares during the last quarter. Alua Capital Management LP grew its holdings in Valvoline by 5.1% in the fourth quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company's stock worth $130,439,000 after purchasing an additional 175,848 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Valvoline by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock worth $94,362,000 after purchasing an additional 6,871 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Performance

Shares of Valvoline stock traded down $0.17 on Monday, reaching $34.03. 1,277,945 shares of the stock were exchanged, compared to its average volume of 1,425,376. The business has a 50 day moving average price of $34.29 and a two-hundred day moving average price of $36.46. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.20. Valvoline Inc. has a twelve month low of $31.02 and a twelve month high of $48.27. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $403.20 million for the quarter, compared to analysts' expectations of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VVV has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. TD Cowen initiated coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Piper Sandler restated an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Valvoline currently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Activity at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now directly owns 15,305 shares of the company's stock, valued at approximately $572,560.05. This trade represents a 28.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by 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.