Xponance Inc. Has $1.13 Million Stock Position in Valvoline Inc. (NYSE:VVV)

Xponance Inc. boosted its holdings in shares of Valvoline Inc. (NYSE:VVV) by 40.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,215 shares of the basic materials company’s stock after acquiring an additional 7,561 shares during the quarter. Xponance Inc.’s holdings in Valvoline were worth $1,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Valvoline by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock worth $272,000 after buying an additional 359 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Valvoline by 2.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock valued at $1,173,000 after buying an additional 537 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Valvoline by 1.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 46,713 shares of the basic materials company’s stock valued at $2,018,000 after acquiring an additional 541 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Valvoline by 1.6% in the second quarter. Arizona State Retirement System now owns 34,481 shares of the basic materials company’s stock worth $1,490,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on VVV shares. Piper Sandler assumed coverage on Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 target price on the stock. Robert W. Baird began coverage on shares of Valvoline in a research note on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price for the company. Citigroup increased their price target on Valvoline from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Baird R W upgraded Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company reduced their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Two 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.57.

Valvoline Stock Down 1.5 %

NYSE VVV opened at $41.83 on Friday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 33.20 and a beta of 1.45. Valvoline Inc. has a 52 week low of $29.15 and a 52 week high of $48.26. 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 fifty day moving average of $41.94 and a 200-day moving average of $42.44.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $425.17 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. Valvoline’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Valvoline Inc. will post 1.53 EPS for the current year.

Valvoline declared that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.