Posted by Defense World Staff on Jul 20th, 2024
US Bancorp DE boosted its position in shares of Valvoline Inc. (NYSE:VVV – Free Report) by 13.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,132 shares of the basic materials company’s stock after buying an additional 4,800 shares during the period. US Bancorp DE’s holdings in Valvoline were worth $1,833,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Valvoline in the fourth quarter worth about $31,165,000. Oak Thistle LLC bought a new position in Valvoline in the 4th quarter valued at approximately $1,060,000. Cerity Partners LLC acquired a new stake in Valvoline in the fourth quarter valued at approximately $1,049,000. Inspire Advisors LLC acquired a new stake in Valvoline in the first quarter valued at approximately $237,000. Finally, Congress Asset Management Co. MA grew its stake in shares of Valvoline by 6.5% during the first quarter. Congress Asset Management Co. MA now owns 3,499,430 shares of the basic materials company’s stock worth $155,970,000 after buying an additional 212,428 shares during the last quarter. 96.13% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on VVV. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price target on shares of Valvoline in a research note on Friday, June 7th. Citigroup upped their price objective on Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Piper Sandler assumed coverage on shares of Valvoline in a research report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.
Get Our Latest Research Report on VVV
Valvoline Stock Down 1.6 %
Shares of NYSE VVV opened at $45.99 on Friday. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $48.26. The company has a debt-to-equity ratio of 15.83, a quick ratio of 0.69 and a current ratio of 0.73. The company’s 50 day moving average price is $42.40 and its 200-day moving average price is $41.32. The company has a market capitalization of $5.93 billion, a P/E ratio of 36.50 and a beta of 1.43.
Valvoline (NYSE:VVV – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Valvoline had a return on equity of 136.59% and a net margin of 11.78%. The firm had revenue of $388.70 million during the quarter, compared to the consensus estimate of $390.75 million. During the same period last year, the business posted $0.23 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that Valvoline Inc. will post 1.61 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.
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