Yousif Capital Management LLC Purchases 1,400 Shares of Valvoline Inc. (NYSE:VVV)

Yousif Capital Management LLC lifted its position in Valvoline Inc. (NYSE:VVV) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,273 shares of the basic materials company’s stock after buying an additional 1,400 shares during the period. Yousif Capital Management LLC’s holdings in Valvoline were worth $2,491,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Valvoline by 127.1% in the third 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. SG Americas Securities LLC raised its holdings in Valvoline by 123.0% during the 3rd quarter. SG Americas Securities LLC now owns 18,564 shares of the basic materials company’s stock worth $599,000 after buying an additional 10,241 shares during the period. Exchange Traded Concepts LLC bought a new position in Valvoline in the third quarter valued at approximately $527,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Valvoline by 3.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,738 shares of the basic materials company’s stock valued at $411,000 after buying an additional 428 shares during the period. Finally, Everett Harris & Co. CA increased its position in shares of Valvoline by 65.8% during the third quarter. Everett Harris & Co. CA now owns 94,377 shares of the basic materials company’s stock worth $3,043,000 after acquiring an additional 37,445 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the topic of several research reports. Morgan Stanley raised shares of Valvoline from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $37.00 to $44.00 in a research report on Tuesday, January 16th. Royal Bank of Canada upped their price objective on Valvoline from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup increased their price objective on Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Mizuho began coverage on Valvoline in a research note on Tuesday, March 19th. They issued a “buy” rating and a $50.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.75.

Valvoline Price Performance

NYSE:VVV opened at $42.59 on Tuesday. The stock’s 50-day simple moving average is $43.01 and its 200 day simple moving average is $37.87. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $45.37. The company has a debt-to-equity ratio of 24.02, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market cap of $5.52 billion, a P/E ratio of 5.29 and a beta of 1.44.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Valvoline had a return on equity of 41.83% and a net margin of 92.04%. The firm had revenue of $373.40 million for the quarter, compared to analyst estimates of $380.10 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Valvoline Inc. will post 1.61 EPS for the current fiscal year.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.