Public Employees Retirement System of Ohio Has $5.39 Million Holdings in Valvoline $VVV

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Valvoline by 8.9%, holding approximately 0.11% of the company, valued at $5.39 million.
• Several large investors, including Boston Partners and Millennium Management LLC, have recently increased their positions in Valvoline, with institutional investors owning 96.13% of the company's stock.
• Valvoline reported $0.47 earnings per share for the last quarter, surpassing analyst expectations, with a year-over-year revenue growth of 4.2%.

Public Employees Retirement System of Ohio lessened its stake in Valvoline (NYSE:VVV - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,387 shares of the basic materials company's stock after selling 13,866 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Valvoline worth $5,392,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VVV. Boston Partners acquired a new stake in shares of Valvoline in the 1st quarter valued at approximately $82,748,000. Millennium Management LLC lifted its holdings in Valvoline by 315.4% during the 1st quarter. Millennium Management LLC now owns 1,510,338 shares of the basic materials company's stock valued at $52,575,000 after purchasing an additional 1,146,728 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Valvoline during the 1st quarter valued at $25,985,000. Mawer Investment Management Ltd. lifted its holdings in Valvoline by 144.6% during the 1st quarter. Mawer Investment Management Ltd. now owns 1,224,420 shares of the basic materials company's stock valued at $42,622,000 after purchasing an additional 723,938 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Valvoline during the 1st quarter valued at $21,756,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Insider Activity at Valvoline

In other news, CFO J Kevin Willis purchased 12,725 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $39.41 per share, with a total value of $501,492.25. Following the completion of the purchase, the chief financial officer owned 12,725 shares of the company's stock, valued at $501,492.25. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler raised their price target on Valvoline from $44.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 8th. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and raised their price target for the company from $40.00 to $45.00 in a report on Tuesday, June 3rd. Wall Street Zen downgraded Valvoline from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company raised their price target on Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Cfra Research raised Valvoline to a "hold" rating in a report on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.77.

Valvoline Stock Performance

Valvoline stock opened at $35.94 on Tuesday. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. The business's 50-day moving average price is $38.26 and its two-hundred day moving average price is $36.45. The stock has a market cap of $4.57 billion, a PE ratio of 16.71 and a beta of 1.21.

Valvoline (NYSE:VVV - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The firm had revenue of $439.00 million for the quarter, compared to analysts' expectations of $436.35 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

About Valvoline

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.

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