UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Valvoline Inc. (NYSE:VVV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,662 shares of the basic materials company's stock after acquiring an additional 24,245 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of Valvoline worth $16,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Valvoline by 1.3% in the fourth quarter. Cetera Investment Advisers now owns 21,425 shares of the basic materials company's stock valued at $775,000 after acquiring an additional 277 shares in the last quarter. Arizona State Retirement System increased its holdings in Valvoline by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,530 shares of the basic materials company's stock worth $1,285,000 after purchasing an additional 281 shares during the last quarter. Advisory Research Inc. increased its holdings in shares of Valvoline by 0.7% in the 4th quarter. Advisory Research Inc. now owns 41,045 shares of the basic materials company's stock valued at $1,485,000 after acquiring an additional 295 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Valvoline by 10.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock valued at $128,000 after acquiring an additional 349 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Valvoline by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 56,792 shares of the basic materials company's stock valued at $2,055,000 after purchasing an additional 360 shares during the period. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Piper Sandler reaffirmed 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. Morgan Stanley lowered 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, Citigroup lowered their price objective on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Four 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.33.

Valvoline Trading Up 1.9%

NYSE:VVV traded up $0.66 during trading hours on Friday, hitting $34.62. 1,834,407 shares of the company were exchanged, compared to its average volume of 1,429,480. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.56 and a beta of 1.20. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. Valvoline Inc. has a one year low of $31.02 and a one year high of $48.27. The company has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $36.30.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The business had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. During the same period last year, the business posted $0.37 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Insider Transactions at Valvoline

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $33.78 per share, with a total value of $101,340.00. Following the acquisition, the chief executive officer now directly owns 46,614 shares of the company's stock, valued at $1,574,620.92. The trade was a 6.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company's stock.

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.