Valvoline Inc. (NYSE:VVV) Shares Bought by Truist Financial Corp

Truist Financial Corp raised its holdings in Valvoline Inc. (NYSE:VVV) by 9.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,945 shares of the basic materials company’s stock after acquiring an additional 10,056 shares during the period. Truist Financial Corp’s holdings in Valvoline were worth $4,583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in Valvoline by 123.0% during the third quarter. SG Americas Securities LLC now owns 18,564 shares of the basic materials company’s stock worth $599,000 after acquiring an additional 10,241 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Valvoline by 3.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,738 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 428 shares during the period. Inspire Investing LLC boosted its holdings in Valvoline by 10.9% during the third quarter. Inspire Investing LLC now owns 10,852 shares of the basic materials company’s stock worth $350,000 after buying an additional 1,070 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in Valvoline during the third quarter valued at $237,000. Finally, Capital Insight Partners LLC increased its holdings in Valvoline by 4.8% in the third quarter. Capital Insight Partners LLC now owns 78,005 shares of the basic materials company’s stock valued at $2,515,000 after buying an additional 3,578 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Valvoline Price Performance

Valvoline stock opened at $43.62 on Monday. The company has a fifty day simple moving average of $43.14 and a 200-day simple moving average of $38.19. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 5.42 and a beta of 1.45. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 24.02. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $45.37.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The company had revenue of $373.40 million during the quarter, compared to analysts’ expectations of $380.10 million. During the same quarter in the prior year, the company earned $0.16 EPS. Valvoline’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Valvoline Inc. will post 1.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Valvoline Company Profile

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.