Primecap Management Co. CA Purchases Shares of 87,030 Valvoline $VVV

Key Points

• Primecap Management purchased 87,030 Valvoline shares worth approximately $3.44 million, while other institutional investors also increased their positions. Institutions collectively own 96.13% of Valvoline’s stock.
• Analysts remain generally bullish, with 12 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $42.88.
• Valvoline exceeded quarterly earnings expectations, reporting $0.57 EPS versus the $0.50 estimate and revenue of $544.6 million, up 24.1% year over year. Shares opened at $32.72, down 0.6%.

Primecap Management Co. CA purchased a new position in shares of Valvoline (NYSE:VVV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,030 shares of the basic materials company's stock, valued at approximately $3,441,000. Primecap Management Co. CA owned 0.07% of Valvoline as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Valvoline by 298.5% in the first quarter. Royal Bank of Canada now owns 253,447 shares of the basic materials company's stock worth $8,822,000 after buying an additional 189,842 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Valvoline by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 858,584 shares of the basic materials company's stock valued at $29,887,000 after acquiring an additional 37,657 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Valvoline by 4.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 487,609 shares of the basic materials company's stock valued at $16,974,000 after acquiring an additional 20,947 shares during the period. Jane Street Group LLC lifted its holdings in Valvoline by 15.7% in the first quarter. Jane Street Group LLC now owns 124,071 shares of the basic materials company's stock valued at $4,319,000 after acquiring an additional 16,865 shares during the period. Finally, Creative Planning boosted its position in Valvoline by 40.1% in the 2nd quarter. Creative Planning now owns 8,225 shares of the basic materials company's stock worth $311,000 after purchasing an additional 2,353 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Valvoline from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. Stephens boosted their target price on shares of Valvoline from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Piper Sandler reissued an "overweight" rating and set a $44.00 price target on shares of Valvoline in a report on Wednesday, July 29th. Wells Fargo & Company raised their price target on shares of Valvoline from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Valvoline in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.88.

Insider Buying and Selling

In related news, insider Jonathan L. Caldwell sold 2,851 shares of the business's stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $40.00, for a total value of $114,040.00. Following the completion of the sale, the insider owned 20,918 shares of the company's stock, valued at approximately $836,720. The trade was a 11.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jordan M. Denny acquired 1,506 shares of Valvoline stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $33.20 per share, with a total value of $49,999.20. Following the completion of the transaction, the chief accounting officer directly owned 4,121 shares of the company's stock, valued at $136,817.20. This trade represents a 57.59% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.66% of the stock is owned by insiders.

Valvoline Stock Down 0.6%

Shares of VVV opened at $32.72 on Thursday. The firm has a market cap of $4.17 billion, a P/E ratio of 40.90 and a beta of 1.00. Valvoline has a 12 month low of $28.50 and a 12 month high of $41.33. The stock's 50 day moving average is $37.39 and its two-hundred day moving average is $35.84. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 3.77.

Valvoline (NYSE:VVV - Get Free Report) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Valvoline had a return on equity of 65.12% and a net margin of 5.17%.The business had revenue of $544.60 million during the quarter, compared to the consensus estimate of $543.21 million. During the same period in the prior year, the company posted $0.47 EPS. The business's quarterly revenue was up 24.1% on a year-over-year basis. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. Analysts predict that Valvoline will post 1.76 earnings per share for the current fiscal year.

Valvoline Profile

Valvoline NYSE: VVV is a leading global producer and distributor of automotive and industrial lubricants. The company's portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline's products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.

In addition to its core lubricant business, Valvoline operates one of North America's largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).

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