Wealth Enhancement Advisory Services LLC Raises Stake in Valvoline $VVV

Wealth Enhancement Advisory Services LLC increased its holdings in Valvoline (NYSE:VVV) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,496 shares of the basic materials company’s stock after buying an additional 437 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Valvoline were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VVV. Fiduciary Management Inc. WI increased its position in Valvoline by 13.0% during 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 in the last quarter. Alua Capital Management LP lifted its stake in Valvoline by 3.6% during the first 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 position in Valvoline during the first quarter worth $82,748,000. Vaughan Nelson Investment Management L.P. lifted its stake in Valvoline by 29.7% during the first 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 increased its position in Valvoline by 6.8% in the first quarter. Tensile Capital Management LP now owns 1,965,179 shares of the basic materials company’s stock worth $68,408,000 after buying an additional 125,000 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Buying and Selling

In related news, CFO J Kevin Willis purchased 12,725 shares of Valvoline stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost 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 approximately $501,492.25. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Valvoline Trading Down 0.9%

Shares of VVV opened at $35.75 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The firm has a market capitalization of $4.54 billion, a PE ratio of 16.63 and a beta of 1.18. The stock’s fifty day simple moving average is $38.22 and its 200-day simple moving average is $36.44.

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

Analyst Ratings Changes

Several brokerages have weighed in on VVV. Wall Street Zen lowered Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Cfra Research raised Valvoline to a “hold” rating in a research note on Monday, July 7th. Piper Sandler increased their price target on Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Zacks Research upgraded Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valvoline in a research report on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Valvoline currently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

Valvoline 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.