14,249 Shares in Valvoline (NYSE:VVV) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Valvoline (NYSE:VVV - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,249 shares of the basic materials company's stock, valued at approximately $496,000.

Several other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers grew its stake in shares of Valvoline by 1.3% in the fourth quarter. Cetera Investment Advisers now owns 21,425 shares of the basic materials company's stock worth $775,000 after acquiring an additional 277 shares during the last quarter. Arizona State Retirement System grew its position in Valvoline by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,530 shares of the basic materials company's stock valued at $1,285,000 after purchasing an additional 281 shares during the last quarter. Advisory Research Inc. increased its stake in Valvoline by 0.7% during the 4th quarter. Advisory Research Inc. now owns 41,045 shares of the basic materials company's stock valued at $1,485,000 after purchasing an additional 295 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Valvoline by 10.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock worth $128,000 after buying an additional 349 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Valvoline by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 56,792 shares of the basic materials company's stock worth $2,055,000 after buying an additional 360 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

Insiders Place Their Bets

In other Valvoline news, CEO Lori Ann Flees acquired 3,000 shares of the company's 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 completion of the purchase, the chief executive officer now directly owns 46,614 shares in the company, valued at approximately $1,574,620.92. The trade was a 6.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.66% of the company's stock.

Valvoline Stock Performance

Shares of VVV traded up $0.39 on Tuesday, reaching $37.43. The company's stock had a trading volume of 1,688,897 shares, compared to its average volume of 1,497,045. The stock's 50 day simple moving average is $34.97 and its two-hundred day simple moving average is $35.83. Valvoline has a 12-month low of $31.02 and a 12-month high of $48.27. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.73 and a quick ratio of 0.60. The stock has a market capitalization of $4.76 billion, a P/E ratio of 18.17 and a beta of 1.17.

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

Wall Street Analyst Weigh In

VVV has been the subject of several analyst reports. Citigroup reduced their price target on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley decreased their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company 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 target on the stock. Piper Sandler reiterated an "overweight" rating and issued a $44.00 price objective (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. Finally, TD Securities began coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valvoline has a consensus rating of "Moderate Buy" and a consensus target price of $42.54.

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.