Valvoline Inc. (NYSE:VVV) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its position in Valvoline Inc. (NYSE:VVV) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,661 shares of the basic materials company’s stock after selling 350 shares during the period. Johnson Investment Counsel Inc.’s holdings in Valvoline were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VVV. Victory Capital Management Inc. grew its position in shares of Valvoline by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 27,156 shares of the basic materials company’s stock worth $1,021,000 after acquiring an additional 2,414 shares in the last quarter. Principal Securities Inc. acquired a new position in Valvoline in the fourth quarter worth $39,000. BNP Paribas Financial Markets increased its stake in Valvoline by 239.6% during the fourth quarter. BNP Paribas Financial Markets now owns 58,436 shares of the basic materials company’s stock valued at $2,196,000 after purchasing an additional 41,227 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Valvoline by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,817,828 shares of the basic materials company’s stock worth $105,897,000 after purchasing an additional 44,218 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Valvoline in the 4th quarter worth about $634,000. 96.13% of the stock is owned by institutional investors.

Valvoline Stock Performance

VVV stock opened at $40.80 on Monday. The company has a market capitalization of $5.26 billion, a P/E ratio of 32.38 and a beta of 1.45. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57. The company has a 50-day simple moving average of $42.68 and a 200 day simple moving average of $42.55. Valvoline Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $48.26.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The company had revenue of $421.00 million during the quarter, compared to the consensus estimate of $425.17 million. During the same quarter last year, the business earned $0.43 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Valvoline Inc. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VVV has been the topic of several research reports. Robert W. Baird initiated coverage on shares of Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price objective on the stock. Royal Bank of Canada cut their price target on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Citigroup boosted their price objective on Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Baird R W upgraded Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Piper Sandler assumed coverage on shares of Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valvoline has a consensus rating of “Moderate Buy” and a consensus price target of $47.57.

Valvoline 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.