Vaughan Nelson Investment Management L.P. Boosts Holdings in Valvoline $VVV

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Valvoline by 19.9%, now owning a total of 2,452,908 shares worth approximately $92.9 million.
• Several institutional investors also boosted their positions in Valvoline, with 96.13% of the stock currently held by hedge funds and other institutional investors.
• Analysts have mixed views on Valvoline, with a consensus rating of “Moderate Buy” and a target price averaging $42.77, despite recent report adjustments from various brokerages.

Vaughan Nelson Investment Management L.P. lifted its stake in Valvoline (NYSE:VVV - Free Report) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,452,908 shares of the basic materials company's stock after purchasing an additional 407,710 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.93% of Valvoline worth $92,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VVV. Fiduciary Management Inc. WI lifted its position in Valvoline by 13.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company's stock valued at $166,021,000 after acquiring an additional 548,071 shares during the period. Alua Capital Management LP lifted its position in Valvoline by 3.6% during the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company's stock valued at $129,997,000 after acquiring an additional 129,185 shares during the period. Boston Partners purchased a new position in Valvoline during the 1st quarter valued at about $82,748,000. Tensile Capital Management LP lifted its position in Valvoline by 6.8% during the 1st quarter. Tensile Capital Management LP now owns 1,965,179 shares of the basic materials company's stock valued at $68,408,000 after acquiring an additional 125,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Valvoline by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,673,073 shares of the basic materials company's stock valued at $58,240,000 after acquiring an additional 30,319 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valvoline

In related news, CFO J Kevin Willis purchased 12,725 shares of Valvoline stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the purchase, the chief financial officer directly 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 the SEC website. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VVV. Piper Sandler lifted their price target on shares of Valvoline from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Zacks Research raised shares of Valvoline to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings restated a "hold (c+)" rating on shares of Valvoline in a research note on Saturday, September 27th. Wells Fargo & Company raised their price objective on shares of Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Valvoline from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.77.

Valvoline Stock Down 0.9%

NYSE:VVV opened at $35.75 on Friday. The firm has a market cap of $4.54 billion, a P/E ratio of 16.63 and a beta of 1.18. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74. The firm has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $36.44.

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

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