Valvoline Inc. (NYSE:VVV) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in shares of Valvoline Inc. (NYSE:VVV) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548,935 shares of the basic materials company’s stock after selling 5,481 shares during the period. Sei Investments Co.’s holdings in Valvoline were worth $23,714,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Valvoline by 2.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock worth $1,173,000 after buying an additional 537 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Valvoline by 1.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 46,713 shares of the basic materials company’s stock worth $2,018,000 after buying an additional 541 shares in the last quarter. Arizona State Retirement System grew its stake in Valvoline by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 34,481 shares of the basic materials company’s stock valued at $1,490,000 after acquiring an additional 544 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in Valvoline by 7.8% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 8,314 shares of the basic materials company’s stock valued at $359,000 after acquiring an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Price Performance

VVV stock opened at $41.64 on Wednesday. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 33.05 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. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $48.26. The stock’s fifty day simple moving average is $42.13 and its 200-day simple moving average is $42.44.

Valvoline (NYSE:VVV) last issued its quarterly 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 during the quarter, compared to analyst estimates of $425.17 million. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’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 has authorized a share buyback program on Tuesday, July 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VVV shares. Piper Sandler started coverage on shares of Valvoline in a report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price target on the stock. Royal Bank of Canada reduced their target price on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird started coverage on Valvoline in a research report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company decreased their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Two equities research 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’s stock. Based on data from MarketBeat, Valvoline currently has a consensus rating of “Moderate Buy” and an average target price of $47.57.

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.