Yousif Capital Management LLC Acquires 794 Shares of Valvoline Inc. (NYSE:VVV)

Yousif Capital Management LLC boosted its holdings in Valvoline Inc. (NYSE:VVV) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,208 shares of the basic materials company’s stock after acquiring an additional 794 shares during the quarter. Yousif Capital Management LLC’s holdings in Valvoline were worth $1,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Valvoline by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company’s stock valued at $466,492,000 after buying an additional 101,834 shares during the period. Wasatch Advisors LP lifted its holdings in Valvoline by 11.1% in the fourth quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company’s stock valued at $391,405,000 after buying an additional 1,080,114 shares during the period. Fiduciary Management Inc. WI lifted its holdings in Valvoline by 35.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company’s stock valued at $152,726,000 after buying an additional 1,096,486 shares during the period. Alua Capital Management LP lifted its holdings in Valvoline by 5.1% in the fourth quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company’s stock valued at $130,439,000 after buying an additional 175,848 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Valvoline by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company’s stock valued at $94,362,000 after buying an additional 6,871 shares during the period. Institutional investors own 96.13% of the company’s stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the purchase, the chief executive officer now directly owns 46,614 shares of the company’s stock, valued at approximately $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. TD Cowen started coverage on shares of Valvoline in a research report on Friday, April 4th. They set a “buy” rating and a $40.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group raised shares of Valvoline from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $45.00 in a research report on Tuesday, June 3rd. Finally, TD Securities assumed coverage on shares of Valvoline in a research report on Friday, April 4th. They set a “buy” rating and a $40.00 price objective for the company. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.54.

Valvoline Price Performance

VVV stock opened at $36.40 on Tuesday. The company has a market capitalization of $4.63 billion, a P/E ratio of 17.42 and a beta of 1.17. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. Valvoline Inc. has a 52-week low of $31.02 and a 52-week high of $48.27. The business has a 50-day simple moving average of $34.58 and a two-hundred day simple moving average of $35.89.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $403.20 million for the quarter, compared to analyst estimates of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Valvoline’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Research analysts expect that Valvoline Inc. will post 1.63 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.