Pacer Advisors Inc. Has $835,000 Holdings in Valvoline Inc. (NYSE:VVV)

Pacer Advisors Inc. decreased its position in Valvoline Inc. (NYSE:VVV) by 92.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,328 shares of the basic materials company’s stock after selling 240,230 shares during the period. Pacer Advisors Inc.’s holdings in Valvoline were worth $835,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline during the 2nd quarter worth approximately $34,000. Mather Group LLC. grew its position in shares of Valvoline by 1,617.0% during the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares during the period. Park Place Capital Corp increased its stake in shares of Valvoline by 176.9% in the 1st 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. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Valvoline during the 1st quarter valued at $106,000. Institutional investors own 96.13% of the company’s stock.

Valvoline Trading Down 1.4 %

NYSE VVV opened at $41.85 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57. The firm has a market capitalization of $5.39 billion, a P/E ratio of 33.21 and a beta of 1.45. The business has a fifty day simple moving average of $41.86 and a 200 day simple moving average of $42.42. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $48.26.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The firm had revenue of $421.00 million for the quarter, compared to the consensus estimate of $425.17 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that Valvoline Inc. will post 1.53 EPS for the current fiscal year.

Valvoline announced that its board has initiated a stock buyback program on Tuesday, July 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Robert W. Baird initiated coverage on Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target on the stock. Wells Fargo & Company cut their price target on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Piper Sandler assumed coverage on Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price objective for the company. Finally, Baird R W upgraded Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valvoline presently has an average rating of “Moderate Buy” and an average price target of $47.57.

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.