United Services Automobile Association Buys New Position in Valvoline $VVV

Key Points

• United Services Automobile Association purchased a new stake in Valvoline, acquiring 8,505 shares valued at approximately $299,000 during the first quarter.
• Valvoline's stock reported a 0.2% decline, with a current trading price of $40.47, while the company recently posted earnings per share (EPS) of $0.47, exceeding analysts' expectations.
• Several analysts have revised Valvoline's price targets, with Wells Fargo increasing it from $42.00 to $44.00 and Piper Sandler raising it from $44.00 to $50.00, while the stock maintains a consensus rating of "Moderate Buy."

United Services Automobile Association bought a new stake in shares of Valvoline (NYSE:VVV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,505 shares of the basic materials company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Valvoline by 24.9% during the 1st quarter. IFP Advisors Inc now owns 2,832 shares of the basic materials company's stock valued at $100,000 after purchasing an additional 565 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Valvoline by 101.5% in the first quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company's stock worth $76,000 after acquiring an additional 1,093 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Valvoline in the first quarter worth approximately $316,000. GSA Capital Partners LLP bought a new position in Valvoline in the first quarter worth approximately $865,000. Finally, Yousif Capital Management LLC boosted its holdings in Valvoline by 1.7% in the first quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock worth $1,608,000 after acquiring an additional 794 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Valvoline Stock Down 0.2%

VVV stock opened at $40.47 on Friday. Valvoline has a twelve month low of $31.01 and a twelve month high of $43.74. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. The stock's 50 day moving average is $38.12 and its 200-day moving average is $36.22. The firm has a market capitalization of $5.14 billion, a PE ratio of 18.82 and a beta of 1.21.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.Valvoline's revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. Sell-side analysts expect that Valvoline will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

VVV has been the topic of several recent research reports. Wall Street Zen lowered Valvoline from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Zacks Research upgraded Valvoline to a "hold" rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their price target on Valvoline from $42.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Piper Sandler increased their price target on Valvoline from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Finally, Stephens increased their price target on Valvoline from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Valvoline presently has a consensus rating of "Moderate Buy" and an average target price of $42.77.

Insider Activity at Valvoline

In other Valvoline news, CFO J Kevin Willis purchased 12,725 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $39.41 per share, with a total value of $501,492.25. Following the completion of the transaction, the chief financial officer owned 12,725 shares of the company's stock, valued at $501,492.25. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company's stock.

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.

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