Seven Eight Capital LP Makes New Investment in Valvoline Inc. (NYSE:VVV)

Seven Eight Capital LP purchased a new stake in shares of Valvoline Inc. (NYSE:VVV) during the second quarter, HoldingsChannel reports. The fund purchased 29,770 shares of the basic materials company’s stock, valued at approximately $1,286,000.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. raised its stake in Valvoline by 57.9% during 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 period. Ashton Thomas Private Wealth LLC purchased a new stake in Valvoline during the 2nd quarter valued at approximately $34,000. Mather Group LLC. raised its position 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 valued at $36,000 after buying an additional 760 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Valvoline in the fourth quarter worth $39,000. Finally, Park Place Capital Corp boosted its position in shares of Valvoline by 176.9% during the first quarter. Park Place Capital Corp now owns 1,886 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 1,205 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Piper Sandler initiated coverage on Valvoline in a report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 target price on the stock. Robert W. Baird began coverage on Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company lowered their target price on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.57.

Valvoline Price Performance

Shares of Valvoline stock opened at $41.60 on Friday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 33.02 and a beta of 1.45. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. The stock has a 50 day moving average price of $42.43 and a 200-day moving average price of $42.51. Valvoline Inc. has a one year low of $29.15 and a one year high of $48.26.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The firm had revenue of $421.00 million for the quarter, compared to analysts’ expectations of $425.17 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Valvoline Inc. will post 1.53 EPS for the current year.

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.