Valvoline (NYSE:VVV) Upgraded to Hold at Cfra Research

Cfra Research upgraded shares of Valvoline (NYSE:VVV - Free Report) to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. TD Securities assumed coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 target price on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price objective (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Morgan Stanley cut 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, May 9th. Wells Fargo & Company lowered their target price on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Citigroup dropped their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valvoline currently has a consensus rating of "Moderate Buy" and an average price target of $42.54.

Valvoline Stock Down 1.1%

Valvoline stock traded down $0.43 during midday trading on Monday, hitting $38.62. The stock had a trading volume of 1,117,982 shares, compared to its average volume of 1,518,515. The business has a fifty day moving average price of $36.11 and a 200 day moving average price of $35.91. Valvoline has a 12 month low of $31.02 and a 12 month high of $48.27. The stock has a market cap of $4.91 billion, a P/E ratio of 18.75 and a beta of 1.18. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 4.23.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share 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 the consensus estimate of $405.38 million. Valvoline had a net margin of 15.97% and a return on equity of 106.36%. Valvoline's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Research analysts predict that Valvoline will post 1.63 EPS for the current year.

Insider Transactions at Valvoline

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, with a total value of $101,340.00. Following the purchase, the chief executive officer directly owned 46,614 shares of the company's stock, valued at approximately $1,574,620.92. The trade was a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Valvoline by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company's stock valued at $466,492,000 after buying an additional 101,834 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Valvoline by 11.1% during the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock worth $391,405,000 after buying an additional 1,080,114 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of Valvoline by 13.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company's stock worth $166,021,000 after acquiring an additional 548,071 shares during the period. Alua Capital Management LP lifted its stake in shares of Valvoline by 3.6% in the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company's stock worth $129,997,000 after acquiring an additional 129,185 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Valvoline by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company's stock valued at $94,362,000 after acquiring an additional 6,871 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

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.