5,755 Shares in Valvoline Inc. (NYSE:VVV) Bought by Wallace Advisory Group LLC

Wallace Advisory Group LLC bought a new position in Valvoline Inc. (NYSE:VVV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,755 shares of the basic materials company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Valvoline during the first quarter worth about $125,000. Bright Rock Capital Management LLC acquired a new position in shares of Valvoline during the 1st quarter worth about $2,006,000. Congress Asset Management Co. MA grew its holdings in shares of Valvoline by 6.5% in the 1st quarter. Congress Asset Management Co. MA now owns 3,499,430 shares of the basic materials company’s stock valued at $155,970,000 after acquiring an additional 212,428 shares in the last quarter. Rockland Trust Co. bought a new position in shares of Valvoline in the 1st quarter valued at about $214,000. Finally, Park Avenue Securities LLC increased its position in shares of Valvoline by 10.6% in the first quarter. Park Avenue Securities LLC now owns 6,478 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 621 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VVV shares. Mizuho started coverage on Valvoline in a research note on Tuesday, March 19th. They set a “buy” rating and a $50.00 target price for the company. Citigroup lifted their price objective on shares of Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Piper Sandler started coverage on shares of Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price for the company. Finally, 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. Four research analysts have rated the stock with a hold rating and five have issued 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 $43.88.

Valvoline Stock Down 1.0 %

VVV stock opened at $42.13 on Wednesday. The firm has a 50-day moving average price of $41.71 and a 200-day moving average price of $40.48. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $45.37. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 15.83. The stock has a market capitalization of $5.43 billion, a P/E ratio of 33.44 and a beta of 1.44.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $388.70 million during the quarter, compared to the consensus estimate of $390.75 million. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts anticipate that Valvoline Inc. will post 1.61 EPS for the current fiscal 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.