Sendero Wealth Management LLC Acquires 7,075 Shares of Valvoline Inc. (NYSE:VVV)

Sendero Wealth Management LLC increased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 34.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,855 shares of the basic materials company's stock after purchasing an additional 7,075 shares during the quarter. Sendero Wealth Management LLC's holdings in Valvoline were worth $970,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VVV. Barclays PLC boosted its position in Valvoline by 52.4% during the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock worth $2,242,000 after purchasing an additional 18,414 shares during the period. Blue Trust Inc. increased its position in shares of Valvoline by 90.5% in the fourth quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock worth $92,000 after purchasing an additional 1,206 shares during the period. KBC Group NV lifted its holdings in shares of Valvoline by 61.1% during the 4th quarter. KBC Group NV now owns 4,647 shares of the basic materials company's stock worth $168,000 after acquiring an additional 1,763 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Valvoline by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Valvoline by 4.6% during the fourth quarter. DAVENPORT & Co LLC now owns 16,290 shares of the basic materials company's stock worth $589,000 after acquiring an additional 710 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Trading Down 0.3%

Shares of NYSE:VVV traded down $0.12 on Thursday, reaching $36.51. 1,384,281 shares of the company traded hands, compared to its average volume of 1,440,457. The stock has a market capitalization of $4.64 billion, a P/E ratio of 17.47 and a beta of 1.20. The business's 50-day simple moving average is $34.19 and its 200 day simple moving average is $36.11. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last announced 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 firm had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Valvoline's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. As a group, equities analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the transaction, the chief executive officer now directly owns 46,614 shares of the company's stock, valued at $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada boosted 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. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $40.00 to $45.00 in a research report on Tuesday. Piper Sandler reaffirmed an "overweight" rating and issued a $44.00 price target (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. TD Cowen started coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Morgan Stanley decreased their price target on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.54.

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.