Oak Thistle LLC Acquires New Holdings in Valvoline Inc. (NYSE:VVV)

Oak Thistle LLC acquired a new position in Valvoline Inc. (NYSE:VVV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,213 shares of the basic materials company's stock, valued at approximately $1,060,000.

Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its holdings in Valvoline by 54.9% in the 1st quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company's stock worth $33,000 after purchasing an additional 330 shares in the last quarter. First Manhattan CO. LLC. bought a new position in shares of Valvoline in the 1st quarter worth about $35,000. CWM LLC increased its stake in shares of Valvoline by 127.1% in the 3rd quarter. CWM LLC now owns 1,465 shares of the basic materials company's stock worth $47,000 after acquiring an additional 820 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Valvoline in the 3rd quarter worth about $60,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Valvoline by 147.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company's stock worth $66,000 after acquiring an additional 1,250 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Performance

Shares of NYSE VVV traded down $1.24 during trading on Tuesday, reaching $43.53. 987,676 shares of the company traded hands, compared to its average volume of 1,228,841. The firm has a 50 day simple moving average of $41.24 and a 200-day simple moving average of $36.42. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 24.02. The stock has a market capitalization of $5.64 billion, a PE ratio of 5.45 and a beta of 1.44. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $45.37.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.29. The company had revenue of $373.40 million for the quarter, compared to the consensus estimate of $380.10 million. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that Valvoline Inc. will post 1.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VVV. Morgan Stanley upgraded shares of Valvoline from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $37.00 to $44.00 in a research note on Tuesday, January 16th. Royal Bank of Canada raised their price objective on shares of Valvoline from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Mizuho initiated coverage on shares of Valvoline in a research note on Tuesday, March 19th. They set a "buy" rating and a $50.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Valvoline from $36.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Valvoline currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.75.

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.