UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 24,245 Shares of Valvoline Inc. (NYSE:VVV)

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

Several other hedge funds have also recently modified their holdings of the stock. Barclays PLC grew its stake in Valvoline by 52.4% during 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. Blue Trust Inc. boosted its holdings in shares of Valvoline by 90.5% during the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 1,206 shares during the last quarter. KBC Group NV grew its position in shares of Valvoline by 61.1% during the fourth quarter. KBC Group NV now owns 4,647 shares of the basic materials company's stock valued at $168,000 after purchasing an additional 1,763 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Valvoline by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Valvoline in the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on VVV shares. TD Cowen started coverage on Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. JPMorgan Chase & Co. increased their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Piper Sandler reissued an "overweight" rating and issued a $44.00 target price (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. Morgan Stanley reduced 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 report on Friday, May 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Insider Activity

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the transaction, the chief executive officer now owns 46,614 shares in the company, valued at $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company's stock.

Valvoline Trading Down 0.6%

Shares of Valvoline stock traded down $0.22 during trading on Monday, hitting $34.37. The stock had a trading volume of 1,506,985 shares, compared to its average volume of 1,430,309. Valvoline Inc. has a 12 month low of $31.02 and a 12 month high of $48.27. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The firm's fifty day simple moving average is $34.13 and its 200-day simple moving average is $36.10. The stock has a market cap of $4.37 billion, a PE ratio of 16.45 and a beta of 1.20.

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

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.