Wellington Management Group LLP cut its holdings in Valvoline (NYSE:VVV - Free Report) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,657,248 shares of the basic materials company's stock after selling 1,046,121 shares during the quarter. Wellington Management Group LLP owned approximately 3.65% of Valvoline worth $184,148,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VVV. Measured Wealth Private Client Group LLC bought a new position in shares of Valvoline in the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Valvoline by 1,621.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,050 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 989 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in Valvoline during the 1st quarter worth approximately $42,000. Vestor Capital LLC increased its position in Valvoline by 169.4% during the 1st quarter. Vestor Capital LLC now owns 1,646 shares of the basic materials company's stock worth $55,000 after purchasing an additional 1,035 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Valvoline by 20.3% in the 4th quarter. UMB Bank n.a. now owns 1,906 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 96.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Valvoline from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Stifel Nicolaus increased their price target on Valvoline from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, May 11th. TD Cowen reissued a "buy" rating on shares of Valvoline in a report on Wednesday, August 19th. Royal Bank Of Canada reduced their price objective on Valvoline from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $44.00 target price on shares of Valvoline in a report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.88.
Check Out Our Latest Report on Valvoline
Valvoline Trading Down 0.2%
Shares of NYSE VVV opened at $32.04 on Tuesday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.58 and a current ratio of 0.70. Valvoline has a 52-week low of $28.50 and a 52-week high of $41.33. The firm has a 50 day moving average price of $37.04 and a two-hundred day moving average price of $35.73. The stock has a market cap of $4.09 billion, a P/E ratio of 40.05 and a beta of 1.00.
Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.07. Valvoline had a net margin of 5.17% and a return on equity of 65.12%. The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $543.21 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. Valvoline's revenue was up 24.1% compared to the same quarter last year. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. As a group, equities analysts forecast that Valvoline will post 1.76 EPS for the current year.
Insiders Place Their Bets
In other Valvoline news, insider Julie Marie O'daniel sold 3,700 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $33.81, for a total value of $125,097.00. Following the sale, the insider owned 14,279 shares in the company, valued at approximately $482,772.99. The trade was a 20.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jordan M. Denny purchased 1,506 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $33.20 per share, with a total value of $49,999.20. Following the purchase, the chief accounting officer owned 4,121 shares of the company's stock, valued at approximately $136,817.20. This trade represents a 57.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.66% of the company's stock.
Valvoline Company Profile
(
Free Report)
Valvoline NYSE: VVV is a leading global producer and distributor of automotive and industrial lubricants. The company's portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline's products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.
In addition to its core lubricant business, Valvoline operates one of North America's largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).
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