Everett Harris & Co. CA Increases Stake in Valvoline Inc. (NYSE:VVV)

Everett Harris & Co. CA boosted its position in shares of Valvoline Inc. (NYSE:VVV) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 110,912 shares of the basic materials company’s stock after purchasing an additional 3,580 shares during the quarter. Everett Harris & Co. CA owned about 0.09% of Valvoline worth $4,943,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Valvoline by 20.3% during the 4th quarter. Fifth Third Bancorp now owns 1,876 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 316 shares during the period. Quadrant Capital Group LLC lifted its stake in Valvoline by 23.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 364 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Valvoline by 6.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,045 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 403 shares during the period. Allworth Financial LP lifted its stake in Valvoline by 10.0% during the 4th quarter. Allworth Financial LP now owns 4,889 shares of the basic materials company’s stock valued at $184,000 after acquiring an additional 444 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Valvoline by 10.6% during the 1st quarter. Park Avenue Securities LLC now owns 6,478 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 621 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Valvoline Stock Performance

Valvoline stock traded up $0.14 during midday trading on Thursday, hitting $42.97. The stock had a trading volume of 502,010 shares, compared to its average volume of 1,102,032. The firm’s fifty day moving average is $41.84 and its two-hundred day moving average is $40.74. The company has a market capitalization of $5.54 billion, a PE ratio of 34.10 and a beta of 1.43. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $45.37. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 15.83.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The business had revenue of $388.70 million during the quarter, compared to analyst estimates of $390.75 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that Valvoline Inc. will post 1.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VVV. Piper Sandler assumed coverage on shares of Valvoline in a research note on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price on the stock. Citigroup increased their price objective on shares of Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Mizuho assumed coverage on shares of Valvoline in a research note on Tuesday, March 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price objective on shares of Valvoline in a research note on Friday, June 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.88.

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.