Valvoline Inc. (NYSE:VVV) Shares Bought by FORA Capital LLC

FORA Capital LLC increased its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 138.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,140 shares of the basic materials company's stock after buying an additional 22,703 shares during the quarter. FORA Capital LLC's holdings in Valvoline were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Valvoline by 1,004.9% in the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after buying an additional 814 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Valvoline during the 4th quarter worth approximately $36,000. ORG Partners LLC raised its stake in Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock worth $46,000 after acquiring an additional 1,050 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Valvoline during the 4th quarter worth approximately $49,000. Finally, Headlands Technologies LLC bought a new stake in Valvoline during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Transactions at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on VVV shares. TD Securities started coverage on shares of Valvoline in a research note on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Citigroup lowered their target price on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their target price on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Piper Sandler reissued an "overweight" rating and issued a $44.00 target price (down previously from $45.00) on shares of Valvoline in a report on Friday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.33.

Valvoline Stock Down 2.7%

Shares of NYSE VVV traded down $0.90 during mid-day trading on Friday, reaching $33.00. The company had a trading volume of 2,487,931 shares, compared to its average volume of 1,396,559. 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 firm has a 50 day simple moving average of $34.42 and a two-hundred day simple moving average of $36.94. The stock has a market cap of $4.19 billion, a P/E ratio of 15.79 and a beta of 1.20. Valvoline Inc. has a 52-week low of $31.02 and a 52-week high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The company had revenue of $403.20 million during the quarter, compared to analysts' expectations of $405.38 million. During the same period last year, the business earned $0.37 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Valvoline Company 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.