Teza Capital Management LLC Acquires 24,476 Shares of Valvoline Inc. (NYSE:VVV)

Teza Capital Management LLC increased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 114.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,894 shares of the basic materials company's stock after buying an additional 24,476 shares during the period. Teza Capital Management LLC's holdings in Valvoline were worth $1,660,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Valvoline by 52.4% in the third 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. Charles Schwab Investment Management Inc. increased its holdings in Valvoline by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after purchasing an additional 16,912 shares during the period. Private Advisor Group LLC purchased a new stake in Valvoline during the 4th quarter worth about $223,000. Avantax Advisory Services Inc. raised its position in Valvoline by 33.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock valued at $576,000 after purchasing an additional 4,013 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake 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 buying an additional 1,753 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Trading Up 1.8%

VVV traded up $0.59 during midday trading on Thursday, hitting $34.20. The company's stock had a trading volume of 1,520,352 shares, compared to its average volume of 1,417,364. Valvoline Inc. has a 52-week low of $31.02 and a 52-week high of $48.27. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The firm has a 50-day moving average price of $34.37 and a two-hundred day moving average price of $36.65. The firm has a market cap of $4.35 billion, a P/E ratio of 16.36 and a beta of 1.20.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly 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). The company had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. On average, research analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Securities assumed coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price on the stock. Wells Fargo & Company lowered their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a 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 for the company in a report on Friday, May 9th. TD Cowen started coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, Piper Sandler reiterated an "overweight" rating and set a $44.00 price target (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Four 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now owns 15,305 shares in the company, valued at $572,560.05. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

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.