Valvoline Inc. (NYSE:VVV) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 57.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 623,938 shares of the basic materials company's stock after selling 847,312 shares during the period. D. E. Shaw & Co. Inc. owned about 0.49% of Valvoline worth $22,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VVV. Huntington National Bank increased its holdings in shares of Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 814 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Valvoline during the 4th quarter valued at about $36,000. ORG Partners LLC raised its stake in Valvoline by 466.7% during the fourth 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 position in Valvoline in the fourth quarter worth about $49,000. Finally, Headlands Technologies LLC acquired a new position in Valvoline in the fourth quarter valued at approximately $73,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Stock Down 2.7%

Shares of Valvoline stock opened at $33.00 on Monday. Valvoline Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The stock has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $36.94. The stock has a market capitalization of $4.19 billion, a P/E ratio of 15.79 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VVV shares. TD Securities started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. TD Cowen began coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 target price for the company. Piper Sandler restated an "overweight" rating and issued a $44.00 target price (down from $45.00) on shares of Valvoline in a report on Friday. Finally, Royal Bank of Canada upped their price target on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

Insider Buying and Selling

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is currently owned by insiders.

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.

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