Financial Management Professionals Inc. Sells 1,129 Shares of Valvoline $VVV

Financial Management Professionals Inc. decreased its position in Valvoline (NYSE:VVV) by 62.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 684 shares of the basic materials company’s stock after selling 1,129 shares during the quarter. Financial Management Professionals Inc.’s holdings in Valvoline were worth $26,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fiduciary Management Inc. WI grew its holdings in shares of Valvoline by 13.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company’s stock worth $166,021,000 after purchasing an additional 548,071 shares during the last quarter. Alua Capital Management LP grew its holdings in shares of Valvoline by 3.6% in the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company’s stock worth $129,997,000 after purchasing an additional 129,185 shares during the last quarter. Boston Partners bought a new stake in shares of Valvoline in the 1st quarter worth about $82,748,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Valvoline by 29.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,045,198 shares of the basic materials company’s stock worth $71,193,000 after purchasing an additional 467,885 shares during the last quarter. Finally, Tensile Capital Management LP grew its holdings in shares of Valvoline by 6.8% in the 1st quarter. Tensile Capital Management LP now owns 1,965,179 shares of the basic materials company’s stock worth $68,408,000 after purchasing an additional 125,000 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Performance

Valvoline stock opened at $36.84 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74. The company has a market cap of $4.68 billion, a PE ratio of 17.13 and a beta of 1.21. The company’s 50-day moving average is $38.26 and its two-hundred day moving average is $36.41.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Valvoline will post 1.63 earnings per share for the current year.

Insider Transactions at Valvoline

In other Valvoline news, CFO J Kevin Willis bought 12,725 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the transaction, the chief financial officer owned 12,725 shares in the company, valued at approximately $501,492.25. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VVV. The Goldman Sachs Group raised shares of Valvoline from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.00 to $45.00 in a report on Tuesday, June 3rd. Zacks Research raised shares of Valvoline to a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Wells Fargo & Company increased their price objective on shares of Valvoline from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Cfra Research raised shares of Valvoline to a “hold” rating in a report on Monday, July 7th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

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.