Maryland State Retirement & Pension System Has $210,000 Holdings in Valvoline $VVV

Maryland State Retirement & Pension System cut its holdings in Valvoline (NYSE:VVV) by 18.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,036 shares of the basic materials company’s stock after selling 1,340 shares during the period. Maryland State Retirement & Pension System’s holdings in Valvoline were worth $210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in Valvoline by 271.0% in the 4th quarter. Barclays PLC now owns 198,785 shares of the basic materials company’s stock valued at $7,192,000 after acquiring an additional 145,205 shares in the last quarter. Mariner LLC increased its holdings in shares of Valvoline by 3.7% during the fourth quarter. Mariner LLC now owns 16,793 shares of the basic materials company’s stock worth $608,000 after buying an additional 602 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Valvoline by 14.2% in the 4th quarter. NewEdge Advisors LLC now owns 55,705 shares of the basic materials company’s stock worth $2,015,000 after purchasing an additional 6,912 shares in the last quarter. GeoWealth Management LLC bought a new position in Valvoline in the 4th quarter valued at approximately $101,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Valvoline by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company’s stock worth $94,362,000 after purchasing an additional 6,871 shares during the period. Institutional investors own 96.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lori Ann Flees bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the transaction, the chief executive officer directly owned 46,614 shares in the company, valued at $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J Kevin Willis acquired 12,725 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the completion of the transaction, the chief financial officer owned 12,725 shares of the company’s stock, valued at $501,492.25. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.66% of the company’s stock.

Valvoline Trading Down 1.4%

VVV opened at $39.0640 on Wednesday. Valvoline has a 12 month low of $31.01 and a 12 month high of $43.74. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 18.17 and a beta of 1.17. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. The stock has a fifty day moving average price of $37.44 and a 200-day moving average price of $36.10.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. As a group, equities research analysts anticipate that Valvoline will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VVV shares. Morgan Stanley lowered their target price on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Stephens lifted their price objective on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Piper Sandler restated an “overweight” rating and set a $44.00 price objective (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Cfra Research raised Valvoline to a “hold” rating in a report on Monday, July 7th. Finally, Zacks Research upgraded shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.31.

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.