Valvoline Inc. (NYSE:VVV) is Tensile Capital Management LP's 5th Largest Position

Tensile Capital Management LP lessened its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,840,179 shares of the basic materials company's stock after selling 35,000 shares during the quarter. Valvoline comprises 6.9% of Tensile Capital Management LP's portfolio, making the stock its 5th largest holding. Tensile Capital Management LP owned approximately 1.43% of Valvoline worth $66,578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Valvoline by 52.4% in the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after acquiring an additional 18,414 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Valvoline in the fourth quarter worth approximately $17,340,000. Park Avenue Securities LLC raised its stake in Valvoline by 24.9% in the fourth quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company's stock valued at $319,000 after purchasing an additional 1,753 shares in the last quarter. Inspire Investing LLC lifted its position in Valvoline by 11.5% during the fourth quarter. Inspire Investing LLC now owns 12,234 shares of the basic materials company's stock valued at $443,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Valvoline by 90.5% in the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock worth $92,000 after buying an additional 1,206 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Valvoline Trading Down 0.8%

Shares of NYSE VVV traded down $0.27 during mid-day trading on Friday, hitting $33.93. The stock had a trading volume of 334,657 shares, compared to its average volume of 1,415,939. The business has a 50 day moving average price of $34.33 and a two-hundred day moving average price of $36.60. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm has a market cap of $4.31 billion, a P/E ratio of 16.24 and a beta of 1.20.

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. On average, equities analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price objective (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. Citigroup dropped their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, TD Securities began coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.33.

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.