OneDigital Investment Advisors LLC Purchases Shares of 7,111 Valvoline (NYSE:VVV)

OneDigital Investment Advisors LLC bought a new position in shares of Valvoline (NYSE:VVV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,111 shares of the basic materials company's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VVV. Huntington National Bank lifted its holdings in shares of Valvoline by 1,004.9% during the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after buying an additional 814 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Valvoline in the first quarter worth $35,000. American National Bank & Trust bought a new position in shares of Valvoline in the first quarter worth $40,000. Versant Capital Management Inc increased its position in shares of Valvoline by 221.8% in the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock worth $41,000 after purchasing an additional 814 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Valvoline in the fourth quarter worth $49,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Trading Down 4.2%

Shares of NYSE:VVV traded down $1.57 during midday trading on Wednesday, hitting $35.82. 2,529,570 shares of the stock were exchanged, compared to its average volume of 1,527,137. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.39 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 business's 50-day moving average price is $36.32 and its 200 day moving average price is $35.93. Valvoline has a 12 month low of $31.02 and a 12 month high of $48.27.

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

Analysts Set New Price Targets

A number of research analysts recently commented on VVV shares. TD Securities started coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. The Goldman Sachs Group upgraded Valvoline from a "hold" rating to a "buy" rating and raised their price target for the stock from $40.00 to $45.00 in a research report on Tuesday, June 3rd. Citigroup decreased their target price on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their target price on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Cfra Research upgraded Valvoline to a "hold" rating in a research report on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.54.

Insider Activity at Valvoline

In related news, CEO Lori Ann Flees acquired 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $33.78 per share, with a total value of $101,340.00. Following the completion of the purchase, the chief executive officer directly owned 46,614 shares in the company, valued at $1,574,620.92. The trade was a 6.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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.