Newport Trust Company LLC Trims Stock Holdings in Valvoline Inc. (NYSE:VVV)

Newport Trust Company LLC cut its holdings in shares of Valvoline Inc. (NYSE:VVV) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,695,183 shares of the basic materials company’s stock after selling 40,656 shares during the period. Newport Trust Company LLC owned 1.32% of Valvoline worth $73,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VVV. Wasatch Advisors LP grew its position in Valvoline by 25.1% during the 1st quarter. Wasatch Advisors LP now owns 8,507,925 shares of the basic materials company’s stock worth $379,198,000 after purchasing an additional 1,706,190 shares during the last quarter. Wellington Management Group LLP increased its position in Valvoline by 19,218.1% in the 4th quarter. Wellington Management Group LLP now owns 3,735,549 shares of the basic materials company’s stock valued at $140,382,000 after acquiring an additional 3,716,212 shares during the period. Congress Asset Management Co. MA raised its stake in Valvoline by 6.5% during 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 during the last quarter. Fiduciary Management Inc. WI lifted its position in Valvoline by 55.0% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,055,520 shares of the basic materials company’s stock worth $114,826,000 after acquiring an additional 1,083,722 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Valvoline by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock valued at $117,534,000 after purchasing an additional 94,673 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird started coverage on Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada cut their price target on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Piper Sandler began coverage on Valvoline in a research report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.57.

Valvoline Trading Up 1.4 %

Shares of Valvoline stock opened at $41.60 on Friday. The company has a 50-day moving average of $42.43 and a two-hundred day moving average of $42.51. Valvoline Inc. has a 12-month low of $29.15 and a 12-month high of $48.26. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57. The stock has a market cap of $5.36 billion, a PE ratio of 33.02 and a beta of 1.45.

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