Valvoline Inc. (NYSE:VVV) Receives Consensus Rating of “Hold” from Brokerages

Shares of Valvoline Inc. (NYSE:VVV) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $39.57.

A number of equities research analysts recently commented on the stock. Citigroup lowered their price target on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 10th. TheStreet downgraded Valvoline from a “b” rating to a “c” rating in a research note on Wednesday, August 9th. 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 note on Thursday, August 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 target price on shares of Valvoline in a research report on Monday, September 11th. Finally, Wells Fargo & Company began coverage on shares of Valvoline in a research report on Thursday, September 7th. They issued an “overweight” rating and a $42.00 price target on the stock.

Insiders Place Their Bets

In related news, insider Julie Marie O’daniel sold 2,000 shares of Valvoline stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $34.16, for a total transaction of $68,320.00. Following the completion of the sale, the insider now owns 14,230 shares of the company’s stock, valued at $486,096.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Valvoline news, Director Vada O. Manager sold 8,651 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $33.54, for a total value of $290,154.54. Following the completion of the transaction, the director now owns 5,269 shares of the company’s stock, valued at approximately $176,722.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Julie Marie O’daniel sold 2,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $34.16, for a total transaction of $68,320.00. Following the completion of the transaction, the insider now directly owns 14,230 shares in the company, valued at approximately $486,096.80. The disclosure for this sale can be found here. In the last three months, insiders have bought 17,839 shares of company stock worth $601,606 and have sold 15,438 shares worth $522,502. Corporate insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its position in Valvoline by 8.1% during the first quarter. Wasatch Advisors LP now owns 6,937,151 shares of the basic materials company’s stock valued at $242,384,000 after acquiring an additional 519,465 shares during the last quarter. State Street Corp raised its position in Valvoline by 2.4% in the 1st quarter. State Street Corp now owns 4,946,126 shares of the basic materials company’s stock worth $156,100,000 after purchasing an additional 115,558 shares during the period. Glenview Capital Management LLC lifted its stake in Valvoline by 8.9% in the first quarter. Glenview Capital Management LLC now owns 3,802,949 shares of the basic materials company’s stock worth $132,875,000 after purchasing an additional 309,263 shares during the last quarter. D1 Capital Partners L.P. boosted its position in Valvoline by 242.1% during the second quarter. D1 Capital Partners L.P. now owns 2,600,031 shares of the basic materials company’s stock valued at $97,527,000 after buying an additional 1,840,031 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Valvoline by 3.3% during the second quarter. Geode Capital Management LLC now owns 2,490,799 shares of the basic materials company’s stock valued at $93,430,000 after buying an additional 78,905 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Valvoline Stock Performance

Shares of Valvoline stock opened at $30.00 on Thursday. The business’s fifty day simple moving average is $31.87 and its 200 day simple moving average is $34.94. The company has a current ratio of 2.68, a quick ratio of 2.59 and a debt-to-equity ratio of 5.49. Valvoline has a 12 month low of $29.22 and a 12 month high of $39.67. The firm has a market capitalization of $4.16 billion, a P/E ratio of 3.40 and a beta of 1.36.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $376.20 million for the quarter, compared to the consensus estimate of $367.53 million. Valvoline had a net margin of 110.05% and a return on equity of 42.99%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, analysts anticipate that Valvoline will post 1.21 EPS for the current year.

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.