Natixis Advisors L.P. Purchases 19,946 Shares of Valvoline Inc. (NYSE:VVV)

Natixis Advisors L.P. raised its position in shares of Valvoline Inc. (NYSE:VVV) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 158,520 shares of the basic materials company’s stock after purchasing an additional 19,946 shares during the quarter. Natixis Advisors L.P. owned 0.09% of Valvoline worth $5,539,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Valvoline by 15.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 1,355 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Valvoline by 6.9% during the 1st quarter. American Century Companies Inc. now owns 57,072 shares of the basic materials company’s stock valued at $1,801,000 after buying an additional 3,687 shares in the last quarter. US Bancorp DE lifted its position in shares of Valvoline by 47.0% during the 1st quarter. US Bancorp DE now owns 21,610 shares of the basic materials company’s stock valued at $682,000 after buying an additional 6,914 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Valvoline by 42.8% during the 1st quarter. HighTower Advisors LLC now owns 34,130 shares of the basic materials company’s stock valued at $1,075,000 after buying an additional 10,224 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Valvoline by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,908 shares of the basic materials company’s stock valued at $849,000 after buying an additional 1,456 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VVV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Valvoline from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, August 10th. Citigroup lowered their price target on Valvoline from $41.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 10th. StockNews.com initiated coverage on Valvoline in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada boosted their price target on Valvoline from $40.00 to $43.00 in a report on Thursday, May 11th. Finally, Stephens initiated coverage on Valvoline in a report on Friday, June 23rd. They issued an “overweight” rating and a $43.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.60.

Valvoline Stock Up 0.9 %

Shares of VVV opened at $34.09 on Thursday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 3.86 and a beta of 1.32. Valvoline Inc. has a 1 year low of $24.40 and a 1 year high of $39.67. The business’s 50 day simple moving average is $36.33 and its 200-day simple moving average is $35.90. The company has a debt-to-equity ratio of 5.49, a current ratio of 2.68 and a quick ratio of 2.59.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $376.20 million for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.58 EPS. As a group, equities analysts expect that Valvoline Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Transactions at Valvoline

In other news, SVP Robert Travis Dobbins sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $33.53, for a total transaction of $57,001.00. Following the transaction, the senior vice president now owns 10,383 shares of the company’s stock, valued at approximately $348,141.99. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Robert Travis Dobbins sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $33.53, for a total transaction of $57,001.00. Following the transaction, the senior vice president now owns 10,383 shares of the company’s stock, valued at approximately $348,141.99. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Julie Marie O’daniel sold 3,087 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $34.67, for a total value of $107,026.29. Following the transaction, the insider now directly owns 16,230 shares in the company, valued at approximately $562,694.10. The disclosure for this sale can be found here. Insiders have sold 13,438 shares of company stock valued at $454,182 in the last ninety days. Corporate insiders own 0.99% of the company’s stock.

About Valvoline

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.