Valvoline Inc. (NYSE:VVV) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its holdings in Valvoline Inc. (NYSE:VVVFree Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,815 shares of the basic materials company’s stock after selling 1,500 shares during the period. State of Michigan Retirement System’s holdings in Valvoline were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its holdings in Valvoline by 28.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,062,580 shares of the basic materials company’s stock valued at $47,359,000 after purchasing an additional 233,285 shares in the last quarter. Congress Wealth Management LLC DE increased its position in Valvoline by 6.6% during the 1st quarter. Congress Wealth Management LLC DE now owns 381,836 shares of the basic materials company’s stock worth $17,018,000 after purchasing an additional 23,511 shares in the last quarter. Park Place Capital Corp grew its position in Valvoline by 176.9% in the first quarter. Park Place Capital Corp now owns 1,886 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 1,205 shares in the last quarter. Capital Insight Partners LLC grew its position in Valvoline by 9.1% in the first quarter. Capital Insight Partners LLC now owns 85,851 shares of the basic materials company’s stock valued at $3,826,000 after acquiring an additional 7,150 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Valvoline by 10.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,414 shares of the basic materials company’s stock valued at $732,000 after acquiring an additional 1,565 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on VVV. Piper Sandler assumed coverage on shares of Valvoline in a research report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price target for the company. Mizuho initiated 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. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price target on shares of Valvoline in a report on Friday, June 7th. Finally, Citigroup raised their price target on Valvoline from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Valvoline currently has an average rating of “Moderate Buy” and an average target price of $43.88.

Check Out Our Latest Stock Report on Valvoline

Valvoline Trading Down 0.3 %

Shares of VVV opened at $42.84 on Friday. The business’s 50-day moving average price is $41.84 and its 200 day moving average price is $40.78. The stock has a market capitalization of $5.52 billion, a P/E ratio of 34.00 and a beta of 1.43. Valvoline Inc. has a 1-year low of $29.15 and a 1-year high of $45.37. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 15.83.

Valvoline (NYSE:VVVGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Valvoline had a return on equity of 136.59% and a net margin of 11.78%. The firm had revenue of $388.70 million during the quarter, compared to analyst estimates of $390.75 million. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that Valvoline Inc. will post 1.61 earnings per share for the current year.

About Valvoline

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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