Twinbeech Capital LP Sells 70,132 Shares of Valvoline Inc. (NYSE:VVV)

Twinbeech Capital LP cut its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 65.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,076 shares of the basic materials company's stock after selling 70,132 shares during the quarter. Twinbeech Capital LP's holdings in Valvoline were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VVV. Tidal Investments LLC increased its stake in shares of Valvoline by 2.6% during the 4th quarter. Tidal Investments LLC now owns 55,752 shares of the basic materials company's stock worth $2,017,000 after purchasing an additional 1,388 shares during the last quarter. Teza Capital Management LLC increased its stake in shares of Valvoline by 114.3% during the 4th quarter. Teza Capital Management LLC now owns 45,894 shares of the basic materials company's stock worth $1,660,000 after purchasing an additional 24,476 shares during the last quarter. State of Wyoming increased its stake in shares of Valvoline by 164.9% during the 4th quarter. State of Wyoming now owns 9,637 shares of the basic materials company's stock worth $349,000 after purchasing an additional 5,999 shares during the last quarter. Sculptor Capital LP increased its stake in shares of Valvoline by 0.6% during the 4th quarter. Sculptor Capital LP now owns 2,033,500 shares of the basic materials company's stock worth $73,572,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Valvoline by 5.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 281,162 shares of the basic materials company's stock worth $10,172,000 after purchasing an additional 13,495 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Valvoline Stock Performance

NYSE VVV traded down $0.11 during trading on Tuesday, reaching $33.85. The company's stock had a trading volume of 207,227 shares, compared to its average volume of 1,646,756. 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 market capitalization of $4.30 billion, a price-to-earnings ratio of 16.21 and a beta of 1.20. Valvoline Inc. has a 12 month low of $31.01 and a 12 month high of $48.26. The firm has a 50 day moving average price of $34.25 and a 200 day moving average price of $36.40.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. As a group, equities analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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 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. TD Cowen 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. 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. Finally, Piper Sandler reiterated an "overweight" rating and issued a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.33.

Valvoline 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.