Rhumbline Advisers Has $20.07 Million Stock Holdings in Valvoline Inc. (NYSE:VVV)

Rhumbline Advisers grew its holdings in Valvoline Inc. (NYSE:VVV) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,441 shares of the basic materials company’s stock after purchasing an additional 3,215 shares during the quarter. Rhumbline Advisers owned about 0.33% of Valvoline worth $20,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in shares of Valvoline by 18.6% in the 1st quarter. Fifth Third Bancorp now owns 1,872 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 294 shares during the period. Thrivent Financial for Lutherans increased its position in Valvoline by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 47,151 shares of the basic materials company’s stock valued at $1,539,000 after buying an additional 300 shares in the last quarter. Quadrant Capital Group LLC increased its position in Valvoline by 52.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,230 shares of the basic materials company’s stock valued at $40,000 after buying an additional 422 shares in the last quarter. Dakota Wealth Management increased its position in Valvoline by 8.1% in the 1st quarter. Dakota Wealth Management now owns 8,593 shares of the basic materials company’s stock valued at $300,000 after buying an additional 646 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Valvoline by 1.3% in the 1st quarter. Arizona State Retirement System now owns 50,597 shares of the basic materials company’s stock valued at $1,768,000 after buying an additional 646 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VVV has been the subject of a number of research analyst reports. Seaport Res Ptn lowered Valvoline from a “buy” rating to a “neutral” rating in a research report on Monday, June 12th. StockNews.com initiated coverage on Valvoline in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Citigroup decreased their target price on Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 10th. Stephens initiated coverage on Valvoline in a research report on Friday, June 23rd. They issued an “overweight” rating and a $43.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Valvoline from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.60.

Valvoline Stock Performance

Shares of VVV opened at $33.75 on Wednesday. The company has a debt-to-equity ratio of 5.49, a quick ratio of 2.59 and a current ratio of 2.68. The stock has a 50 day moving average price of $36.37 and a two-hundred day moving average price of $35.91. The firm has a market capitalization of $4.68 billion, a P/E ratio of 3.82 and a beta of 1.32. Valvoline Inc. has a 52 week low of $24.40 and a 52 week high of $39.67.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $376.20 million during the quarter, compared to analyst estimates of $367.53 million. Valvoline had a return on equity of 42.99% and a net margin of 110.05%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Equities analysts forecast that Valvoline Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Julie Marie O’daniel sold 3,087 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $34.67, for a total value of $107,026.29. Following the completion of the transaction, the insider now directly owns 16,230 shares of the company’s stock, valued at $562,694.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Julie Marie O’daniel sold 3,087 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $34.67, for a total value of $107,026.29. Following the completion of the transaction, the insider now directly owns 16,230 shares of the company’s stock, valued at $562,694.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mary E. Meixelsperger bought 6,000 shares of Valvoline stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $33.55 per share, with a total value of $201,300.00. Following the completion of the acquisition, the chief financial officer now owns 116,219 shares of the company’s stock, valued at $3,899,147.45. The disclosure for this purchase can be found here. Insiders sold a total of 13,438 shares of company stock valued at $454,182 over the last three months. Corporate insiders own 0.99% of the company’s stock.

Valvoline Company Profile

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.