TimesSquare Capital Management LLC Takes $43.54 Million Position in Valvoline $VVV

TimesSquare Capital Management LLC bought a new position in shares of Valvoline (NYSE:VVV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,101,192 shares of the basic materials company's stock, valued at approximately $43,541,000. TimesSquare Capital Management LLC owned about 0.86% of Valvoline as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eminence Capital LP bought a new position in Valvoline in the 4th quarter valued at about $122,409,000. Hawk Ridge Capital Management LP lifted its position in Valvoline by 142.0% during the fourth quarter. Hawk Ridge Capital Management LP now owns 2,738,245 shares of the basic materials company's stock worth $79,573,000 after acquiring an additional 1,606,810 shares during the last quarter. Boston Partners boosted its holdings in shares of Valvoline by 39.2% during the third quarter. Boston Partners now owns 5,537,621 shares of the basic materials company's stock worth $198,835,000 after acquiring an additional 1,560,328 shares during the period. Norges Bank bought a new stake in shares of Valvoline during the fourth quarter worth approximately $39,651,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Valvoline during the second quarter worth approximately $42,050,000. Institutional investors own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VVV. Wells Fargo & Company increased their target price on Valvoline from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Barclays boosted their price target on Valvoline from $35.00 to $41.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. New Street Research set a $47.00 price objective on Valvoline in a report on Monday, July 20th. The Goldman Sachs Group reiterated a "buy" rating and set a $45.00 price objective on shares of Valvoline in a research report on Thursday, May 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $44.00 target price on shares of Valvoline in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.56.

Valvoline Stock Down 1.3%

Shares of VVV opened at $33.75 on Tuesday. Valvoline has a 12 month low of $28.50 and a 12 month high of $41.33. The firm's 50 day moving average is $37.95 and its 200-day moving average is $35.86. The stock has a market capitalization of $4.31 billion, a PE ratio of 42.19 and a beta of 1.00. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 3.77.

Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $544.60 million during the quarter, compared to analysts' expectations of $543.21 million. Valvoline had a return on equity of 65.12% and a net margin of 5.17%.The company's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. Equities research analysts forecast that Valvoline will post 1.76 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jordan M. Denny purchased 1,506 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $33.20 per share, with a total value of $49,999.20. Following the completion of the purchase, the chief accounting officer directly owned 4,121 shares in the company, valued at $136,817.20. This trade represents a 57.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan L. Caldwell sold 2,851 shares of the business's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $40.00, for a total value of $114,040.00. Following the completion of the transaction, the insider directly owned 20,918 shares of the company's stock, valued at approximately $836,720. This trade represents a 11.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.66% of the stock is currently owned by company insiders.

Valvoline Company Profile

Valvoline NYSE: VVV is a leading global producer and distributor of automotive and industrial lubricants. The company's portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline's products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.

In addition to its core lubricant business, Valvoline operates one of North America's largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).

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