Mutual of America Capital Management LLC Increases Stock Holdings in Valvoline Inc. (NYSE:VVV)

Mutual of America Capital Management LLC lifted its stake in shares of Valvoline Inc. (NYSE:VVV) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,118 shares of the basic materials company’s stock after buying an additional 5,442 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Valvoline worth $6,139,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Wasatch Advisors LP lifted its position in Valvoline by 25.1% in the first quarter. Wasatch Advisors LP now owns 8,507,925 shares of the basic materials company’s stock valued at $379,198,000 after acquiring an additional 1,706,190 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 3,716,212 shares during the last quarter. Congress Asset Management Co. MA boosted its position 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 purchasing an additional 212,428 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Valvoline by 55.0% in the 4th quarter. Fiduciary Management Inc. WI now owns 3,055,520 shares of the basic materials company’s stock valued at $114,826,000 after purchasing an additional 1,083,722 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Valvoline by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock worth $117,534,000 after buying an additional 94,673 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Trading Down 1.0 %

NYSE VVV opened at $41.20 on Friday. 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 stock has a market capitalization of $5.31 billion, a P/E ratio of 32.70 and a beta of 1.45. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $48.26. The firm has a 50-day moving average price of $42.34 and a 200 day moving average price of $42.49.

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

Valvoline declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

VVV has been the subject of several research analyst reports. Piper Sandler assumed coverage on Valvoline in a report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price objective for the company. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Wells Fargo & Company dropped their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird initiated coverage on Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, Citigroup boosted their price target on Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Valvoline currently 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.