OneDigital Investment Advisors LLC Acquires New Position in Valvoline (NYSE:VVV)

OneDigital Investment Advisors LLC acquired a new position in Valvoline (NYSE:VVV - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,111 shares of the basic materials company's stock, valued at approximately $248,000.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 acquiring an additional 1,093 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Valvoline by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock worth $1,608,000 after purchasing an additional 794 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Valvoline in the 1st quarter worth about $496,000. Avantax Advisory Services Inc. raised its position in shares of Valvoline by 33.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock worth $576,000 after purchasing an additional 4,013 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Valvoline by 145.4% in the 1st quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock worth $53,000 after purchasing an additional 907 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. TD Cowen assumed coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. TD Securities assumed coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Cfra Research upgraded Valvoline to a "hold" rating in a report on Monday, July 7th. Finally, Morgan Stanley reduced their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Valvoline has an average rating of "Moderate Buy" and a consensus price target of $42.54.

Valvoline Stock Performance

Shares of NYSE VVV traded down $0.43 during midday trading on Friday, hitting $38.62. 1,424,425 shares of the company's stock traded hands, compared to its average volume of 1,520,274. Valvoline has a 1 year low of $31.02 and a 1 year high of $48.27. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 18.75 and a beta of 1.18. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.60 and a current ratio of 0.73. The firm has a fifty day moving average of $36.20 and a 200 day moving average of $35.92.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The business had revenue of $403.20 million for the quarter, compared to analysts' expectations of $405.38 million. During the same period in the previous year, the company earned $0.37 EPS. Valvoline's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that Valvoline will post 1.63 earnings per share for the current year.

Insider Activity at Valvoline

In other Valvoline news, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $33.78 per share, with a total value of $101,340.00. Following the transaction, the chief executive officer directly owned 46,614 shares of the company's stock, valued at $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is 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.