Valvoline $VVV Shares Sold by Confluence Investment Management LLC

Key Points

• Confluence Investment Management LLC reduced its stake in Valvoline (NYSE:VVV) by 1.5%, holding 498,862 shares valued at approximately $18.89 million after selling 7,343 shares.
• CFO J Kevin Willis purchased 12,725 shares of Valvoline stock for about $501,492, significantly increasing his position in the company.
• Valvoline has seen mixed ratings from analysts, with Goldman Sachs upgrading its rating to buy and a price target increase to $45, while Wall Street Zen downgraded it to sell.

Confluence Investment Management LLC cut its stake in Valvoline (NYSE:VVV - Free Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,862 shares of the basic materials company's stock after selling 7,343 shares during the period. Confluence Investment Management LLC owned 0.39% of Valvoline worth $18,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fiduciary Management Inc. WI boosted its position in shares of Valvoline by 13.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company's stock worth $166,021,000 after purchasing an additional 548,071 shares in the last quarter. Alua Capital Management LP lifted its stake in Valvoline by 3.6% in the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company's stock worth $129,997,000 after purchasing an additional 129,185 shares in the last quarter. Boston Partners bought a new stake in Valvoline in the first quarter worth about $82,748,000. Vaughan Nelson Investment Management L.P. boosted its stake in Valvoline by 29.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,045,198 shares of the basic materials company's stock valued at $71,193,000 after acquiring an additional 467,885 shares in the last quarter. Finally, Sculptor Capital LP lifted its stake in shares of Valvoline by 0.6% during the fourth quarter. Sculptor Capital LP now owns 2,033,500 shares of the basic materials company's stock worth $73,572,000 after buying an additional 13,000 shares during the period. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 purchased at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the purchase, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Valvoline from a "sell" rating to a "hold" rating in a research report on Monday. Cfra Research raised shares of Valvoline to a "hold" rating in a report on Monday, July 7th. Piper Sandler lifted their price objective on shares of Valvoline from $44.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Zacks Research raised shares of Valvoline to a "hold" rating in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company upped their price objective on shares of Valvoline from $42.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Valvoline has a consensus rating of "Moderate Buy" and an average target price of $42.77.

Valvoline Stock Down 1.2%

Shares of NYSE VVV traded down $0.47 during mid-day trading on Thursday, reaching $40.07. The company had a trading volume of 500,588 shares, compared to its average volume of 1,715,531. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. The firm has a 50 day simple moving average of $38.20 and a two-hundred day simple moving average of $36.30. The stock has a market cap of $5.09 billion, a P/E ratio of 18.67 and a beta of 1.21. Valvoline has a 52-week low of $31.01 and a 52-week high of $43.74.

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

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.