Vaughan Nelson Investment Management L.P. Has $71.19 Million Stock Position in Valvoline Inc. (NYSE:VVV)

Vaughan Nelson Investment Management L.P. boosted its position in Valvoline Inc. (NYSE:VVV - Free Report) by 29.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,045,198 shares of the basic materials company's stock after purchasing an additional 467,885 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.61% of Valvoline worth $71,193,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VVV. State of New Jersey Common Pension Fund D raised its holdings in Valvoline by 14.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 54,312 shares of the basic materials company's stock valued at $1,965,000 after acquiring an additional 6,710 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in Valvoline by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 204,757 shares of the basic materials company's stock valued at $7,408,000 after acquiring an additional 3,664 shares in the last quarter. Kestra Investment Management LLC raised its holdings in Valvoline by 18.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,695 shares of the basic materials company's stock valued at $423,000 after acquiring an additional 1,829 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Valvoline by 766.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 644,980 shares of the basic materials company's stock valued at $23,335,000 after acquiring an additional 570,550 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in Valvoline in the 4th quarter valued at $223,000. 96.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Valvoline

In related news, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the transaction, the chief executive officer now owns 46,614 shares of the company's stock, valued at approximately $1,574,620.92. This represents a 6.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company's stock.

Valvoline Price Performance

VVV traded down $1.12 on Friday, reaching $35.33. The stock had a trading volume of 2,713,590 shares, compared to its average volume of 1,471,306. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27. The firm has a 50-day moving average of $34.49 and a 200-day moving average of $35.94. 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 company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.90 and a beta of 1.17.

Valvoline (NYSE:VVV - Get Free Report) last issued its earnings results 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). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The firm had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. During the same period in the previous year, the company earned $0.37 EPS. Valvoline's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

VVV has been the subject of several analyst reports. TD Cowen initiated coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $45.00 in a report on Tuesday, June 3rd. Morgan Stanley lowered their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. TD Securities began coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. Finally, Piper Sandler reissued an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Valvoline presently has an average rating of "Moderate Buy" and an average target price of $42.54.

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.