Valvoline (NYSE:VVV) Rating Increased to Hold at StockNews.com

Valvoline (NYSE:VVV) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

VVV has been the subject of several other reports. Morgan Stanley decreased their price target on shares of Valvoline from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price target on shares of Valvoline in a research report on Monday, September 11th. JPMorgan Chase & Co. decreased their price objective on shares of Valvoline from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, August 10th. Citigroup reduced their target price on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 10th. Finally, TheStreet lowered shares of Valvoline from a “b” rating to a “c” rating in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.43.

Valvoline Stock Up 0.5 %

Shares of VVV opened at $35.12 on Friday. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 4.25 and a beta of 1.36. The company has a 50-day moving average price of $31.74 and a two-hundred day moving average price of $34.88. The company has a quick ratio of 2.49, a current ratio of 2.59 and a debt-to-equity ratio of 7.83. Valvoline has a 12 month low of $29.15 and a 12 month high of $39.67.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $390.25 million. Valvoline had a net margin of 98.10% and a return on equity of 35.65%. Valvoline’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. Equities analysts predict that Valvoline will post 1.59 EPS for the current fiscal year.

Insider Activity

In related news, SVP Robert Travis Dobbins sold 1,700 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $33.53, for a total value of $57,001.00. Following the completion of the transaction, the senior vice president now directly 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 can be accessed through the SEC website. In other news, Director Vada O. Manager sold 8,651 shares of Valvoline stock in a transaction dated Monday, August 21st. The stock was 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 in the company, valued at approximately $176,722.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Travis Dobbins sold 1,700 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $33.53, for a total value of $57,001.00. Following the sale, the senior vice president now directly owns 10,383 shares in the company, valued at approximately $348,141.99. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 17,839 shares of company stock worth $601,606 and have sold 12,351 shares worth $415,476. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VVV. Belpointe Asset Management LLC raised its holdings in shares of Valvoline by 54.9% in the first quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 330 shares during the last quarter. First Manhattan CO. LLC. acquired a new stake in Valvoline during the 1st quarter valued at approximately $35,000. Harbor Capital Advisors Inc. acquired a new position in shares of Valvoline in the 2nd quarter worth approximately $37,000. CWM LLC grew its position in shares of Valvoline by 127.1% in the 3rd quarter. CWM LLC now owns 1,465 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 820 shares in the last quarter. Finally, Bartlett & Co. LLC bought a new stake in shares of Valvoline in the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 92.03% 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.