Arizona State Retirement System Increases Position in Valvoline Inc. (NYSE:VVV)

Posted by on May 12th, 2023

Arizona State Retirement System boosted its holdings in Valvoline Inc. (NYSE:VVV – Get Rating) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,951 shares of the basic materials company’s stock after purchasing an additional 1,526 shares during the quarter. Arizona State Retirement System’s holdings in Valvoline were worth $1,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ellevest Inc. increased its holdings in Valvoline by 109.6% during the fourth quarter. Ellevest Inc. now owns 918 shares of the basic materials company’s stock valued at $30,000 after buying an additional 480 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in Valvoline by 63.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,616 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 627 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in Valvoline during the third quarter valued at $43,000. DekaBank Deutsche Girozentrale bought a new position in Valvoline during the fourth quarter valued at $65,000. Finally, Geneos Wealth Management Inc. lifted its position in Valvoline by 147.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Valvoline Price Performance

Shares of NYSE VVV opened at $38.50 on Friday. The firm has a market cap of $6.62 billion, a PE ratio of 16.45 and a beta of 1.37. The firm has a fifty day moving average of $34.58 and a 200 day moving average of $33.64. The company has a debt-to-equity ratio of 5.72, a quick ratio of 1.81 and a current ratio of 1.84. Valvoline Inc. has a one year low of $24.40 and a one year high of $39.67.

Valvoline (NYSE:VVV – Get Rating) last released its earnings results on Tuesday, February 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Valvoline had a return on equity of 126.78% and a net margin of 16.71%. The business had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $334.31 million. During the same period in the previous year, the company earned $0.48 EPS. Valvoline’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts predict that Valvoline Inc. will post 1.05 EPS for the current fiscal year.

Insider Activity at Valvoline

In other Valvoline news, SVP Heidi J. Matheys sold 5,823 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $35.25, for a total value of $205,260.75. Following the transaction, the senior vice president now owns 37,159 shares of the company’s stock, valued at $1,309,854.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Valvoline from $40.00 to $43.00 in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Valvoline from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Citigroup downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Friday, February 24th. Finally, StockNews.com raised shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday.

About Valvoline

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Valvoline, Inc engages in the production, marketing, and supply of engine and automotive maintenance products and services. It operates through the Retail Services segment. The Retail Services segment services the passenger car and light truck quick lube market in the US and Canada with preventive maintenance services done through company operated and independent franchise care stores.

See Also

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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