Valvoline (NYSE:VVV) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Valvoline (NYSE:VVVFree Report) from a hold rating to a sell rating in a report released on Monday morning.

A number of other research firms have also recently weighed in on VVV. JPMorgan Chase & Co. lowered their price target on Valvoline from $39.00 to $36.00 and set a neutral rating for the company in a report on Thursday, August 10th. Citigroup lowered their price target on Valvoline from $41.00 to $38.00 and set a neutral rating for the company in a report on Thursday, August 10th. The Goldman Sachs Group reiterated a neutral rating and set a $37.00 price target on shares of Valvoline in a report on Monday, September 11th. TheStreet cut Valvoline from a b rating to a c rating in a report on Wednesday, August 9th. Finally, Stephens initiated coverage on Valvoline in a report on Friday, June 23rd. They set an overweight rating and a $43.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Valvoline presently has an average rating of Hold and a consensus price target of $39.57.

Check Out Our Latest Stock Report on VVV

Valvoline Trading Up 1.4 %

Shares of NYSE:VVV opened at $32.52 on Monday. Valvoline has a 1 year low of $24.40 and a 1 year high of $39.67. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 3.68 and a beta of 1.35. The company has a debt-to-equity ratio of 5.49, a current ratio of 2.68 and a quick ratio of 2.59. The business’s 50 day moving average price is $35.42 and its 200-day moving average price is $35.76.

Valvoline (NYSE:VVVGet Free Report) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Valvoline had a return on equity of 42.99% and a net margin of 110.05%. The firm had revenue of $376.20 million for the quarter, compared to analyst estimates of $367.53 million. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that Valvoline will post 1.2 earnings per share for the current fiscal year.

Insider Activity at Valvoline

In related news, insider Julie Marie O’daniel sold 3,087 shares of the company’s stock in a transaction 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 in the company, valued at $562,694.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Valvoline news, SVP Robert Travis Dobbins sold 1,700 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $33.53, for a total transaction of $57,001.00. Following the completion of the sale, the senior vice president now directly owns 10,383 shares in the company, valued at $348,141.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Marie O’daniel sold 3,087 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 16,230 shares of the company’s stock, valued at approximately $562,694.10. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 17,839 shares of company stock worth $601,606 and sold 15,438 shares worth $522,502. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC lifted its holdings in Valvoline by 54.9% during the 1st quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company’s stock worth $33,000 after buying an additional 330 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Valvoline during the 2nd quarter worth approximately $37,000. First Manhattan CO. LLC. bought a new position in Valvoline during the 1st quarter worth approximately $35,000. CoreCap Advisors LLC bought a new position in Valvoline during the 4th quarter worth approximately $37,000. Finally, Quadrant Capital Group LLC raised its position in shares of Valvoline by 52.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,230 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

About Valvoline

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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.

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Analyst Recommendations for Valvoline (NYSE:VVV)

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