TimesSquare Capital Management LLC Has $22.97 Million Holdings in Valvoline (NYSE:VVV)

TimesSquare Capital Management LLC raised its holdings in Valvoline (NYSE:VVV - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 659,816 shares of the basic materials company's stock after buying an additional 14,836 shares during the period. TimesSquare Capital Management LLC owned 0.52% of Valvoline worth $22,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new stake in Valvoline in the 1st quarter valued at $4,148,000. MQS Management LLC acquired a new position in shares of Valvoline during the 1st quarter worth about $207,000. Isthmus Partners LLC increased its stake in shares of Valvoline by 4.2% during the 1st quarter. Isthmus Partners LLC now owns 9,544 shares of the basic materials company's stock worth $332,000 after purchasing an additional 387 shares during the last quarter. CWM LLC increased its stake in shares of Valvoline by 50.8% during the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock worth $50,000 after purchasing an additional 485 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Valvoline by 125.8% during the 1st quarter. New York State Common Retirement Fund now owns 538,065 shares of the basic materials company's stock worth $18,730,000 after purchasing an additional 299,812 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the transaction, the chief executive officer directly owned 46,614 shares in the company, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VVV shares. Wells Fargo & Company lowered their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. TD Cowen started coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. TD Securities assumed coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 price objective on the stock. Cfra Research upgraded shares of Valvoline to a "hold" rating in a research note on Monday, July 7th. Finally, Morgan Stanley decreased their price target on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.54.

Valvoline Stock Performance

VVV traded up $0.07 on Thursday, reaching $35.87. The company had a trading volume of 922,075 shares, compared to its average volume of 1,526,456. The company's fifty day moving average is $36.34 and its 200 day moving average is $35.93. Valvoline has a fifty-two week low of $31.02 and a fifty-two week high of $48.27. The stock has a market cap of $4.56 billion, a P/E ratio of 17.43 and a beta of 1.18. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.60 and a current ratio of 0.73.

Valvoline (NYSE:VVV - Get Free Report) last announced its 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). Valvoline had a return on equity of 106.36% and a net margin of 15.97%. The business had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. During the same quarter in the previous year, the company earned $0.37 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.