Raymond James Trust N.A. Has $576,000 Stake in Valvoline Inc. (NYSE:VVV)

Raymond James Trust N.A. reduced its stake in Valvoline Inc. (NYSE:VVV) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,331 shares of the basic materials company’s stock after selling 465 shares during the period. Raymond James Trust N.A.’s holdings in Valvoline were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in 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 last quarter. Mather Group LLC. increased its holdings in shares of Valvoline by 1,617.0% during the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Valvoline in the 4th quarter valued at $35,000. Principal Securities Inc. acquired a new stake in shares of Valvoline during the 4th quarter valued at $39,000. Finally, Park Place Capital Corp boosted its holdings in shares of Valvoline by 176.9% during 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. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Stock Down 0.2 %

Shares of NYSE VVV opened at $41.66 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57. The firm has a market cap of $5.37 billion, a PE ratio of 33.06 and a beta of 1.43. The company’s fifty day simple moving average is $43.16 and its 200 day simple moving average is $42.54. Valvoline Inc. has a 12-month low of $29.15 and a 12-month high of $48.26.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The company had revenue of $421.00 million for the quarter, compared to analyst estimates of $425.17 million. During the same quarter in the prior year, the company posted $0.43 EPS. Valvoline’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Valvoline Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VVV shares. Wells Fargo & Company lowered their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Robert W. Baird assumed coverage on shares of Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Piper Sandler started coverage on shares of Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price objective on the stock. Royal Bank of Canada decreased their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

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.