Silvercrest Asset Management Group LLC Raises Holdings in Valvoline Inc. (NYSE:VVV)

Silvercrest Asset Management Group LLC raised its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,162 shares of the basic materials company's stock after buying an additional 13,495 shares during the period. Silvercrest Asset Management Group LLC owned 0.22% of Valvoline worth $10,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Valvoline by 52.4% during the 3rd 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 last quarter. Assenagon Asset Management S.A. acquired a new stake in Valvoline in the fourth quarter valued at $17,340,000. Park Avenue Securities LLC grew its position in shares of Valvoline by 24.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company's stock valued at $319,000 after acquiring an additional 1,753 shares during the period. Inspire Investing LLC increased its stake in shares of Valvoline by 11.5% during the 4th quarter. Inspire Investing LLC now owns 12,234 shares of the basic materials company's stock worth $443,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Valvoline by 90.5% during the 4th 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 last quarter. 96.13% of the stock is owned by institutional investors.

Valvoline Price Performance

VVV stock traded down $0.37 during midday trading on Friday, reaching $33.83. The company had a trading volume of 224,239 shares, compared to its average volume of 1,650,789. Valvoline Inc. has a 1-year low of $31.01 and a 1-year high of $48.26. The stock has a 50 day moving average price of $34.33 and a 200-day moving average price of $36.60. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last issued its earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The firm had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Valvoline's quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on VVV shares. 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 report on Monday, April 28th. Morgan Stanley reduced their price objective on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Citigroup decreased their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Piper Sandler reissued an "overweight" rating and issued a $44.00 price objective (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Finally, Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Valvoline presently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now directly owns 15,305 shares of the company's stock, valued at $572,560.05. This trade represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.66% of the company's stock.

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.