Atria Wealth Solutions Inc. Buys 6,337 Shares of Valvoline Inc. (NYSE:VVV)

Atria Wealth Solutions Inc. raised its stake in shares of Valvoline Inc. (NYSE:VVV) by 51.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,742 shares of the basic materials company’s stock after purchasing an additional 6,337 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Valvoline were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in Valvoline in the 4th quarter worth approximately $31,165,000. Oak Thistle LLC bought a new stake in shares of Valvoline in the 4th quarter worth approximately $1,060,000. Cerity Partners LLC purchased a new stake in shares of Valvoline in the 4th quarter valued at $1,049,000. First Hawaiian Bank grew its holdings in shares of Valvoline by 368.1% during the 4th quarter. First Hawaiian Bank now owns 48,622 shares of the basic materials company’s stock valued at $1,827,000 after purchasing an additional 38,235 shares during the last quarter. Finally, Scharf Investments LLC raised its position in Valvoline by 9.0% in the 4th quarter. Scharf Investments LLC now owns 2,655,463 shares of the basic materials company’s stock worth $99,792,000 after purchasing an additional 218,508 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

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

Valvoline Price Performance

VVV stock opened at $43.62 on Friday. The company has a debt-to-equity ratio of 24.02, a current ratio of 2.24 and a quick ratio of 2.14. Valvoline Inc. has a 1 year low of $29.15 and a 1 year high of $45.37. The firm has a 50-day moving average of $43.14 and a 200 day moving average of $38.14. The company has a market cap of $5.66 billion, a P/E ratio of 5.42 and a beta of 1.45.

Valvoline (NYSE:VVV) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $380.10 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Valvoline Inc. will post 1.61 EPS for the current 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.