Valvoline (NYSE:VVV) Rating Increased to Hold at Cfra Research

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

A number of other equities research analysts have also recently commented on VVV. Citigroup decreased their price target on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Piper Sandler reissued an "overweight" rating and set a $44.00 price target (down from $45.00) on shares of Valvoline in a report on Friday, May 9th. TD Cowen started coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Finally, TD Securities started coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.54.

Valvoline Stock Performance

Valvoline stock traded down $0.43 during trading on Monday, reaching $38.62. The company had a trading volume of 1,424,425 shares, compared to its average volume of 1,520,274. Valvoline has a 52 week low of $31.02 and a 52 week high of $48.27. The firm's 50-day simple moving average is $36.20 and its 200 day simple moving average is $35.91. The firm has a market capitalization of $4.91 billion, a price-to-earnings 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 announced 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 return on equity of 106.36% and a net margin of 15.97%. The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. During the same period in the prior year, the business posted $0.37 earnings per share. Valvoline's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Valvoline

In other news, CEO Lori Ann Flees acquired 3,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the transaction, the chief executive officer directly owned 46,614 shares in the company, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VVV. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valvoline by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after purchasing an additional 16,912 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Valvoline by 101.5% in the 1st quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company's stock worth $76,000 after purchasing an additional 1,093 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Valvoline by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock worth $1,608,000 after purchasing an additional 794 shares during the period. SG Americas Securities LLC purchased a new position in shares of Valvoline in the 1st quarter worth approximately $496,000. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Valvoline by 33.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock worth $576,000 after purchasing an additional 4,013 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

About Valvoline

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.