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Jul 07, 2023

FIL Ltd Has $38.67 Million Stock Holdings in Valvoline Inc. (NYSE:VVV)

FIL Ltd raised its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 2,059.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and

FIL Ltd raised its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 2,059.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,653 shares of the basic materials company's stock after purchasing an additional 1,055,401 shares during the period. FIL Ltd owned approximately 0.64% of Valvoline worth $38,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of Valvoline in the 4th quarter valued at approximately $37,000. Quadrant Capital Group LLC boosted its position in Valvoline by 52.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,230 shares of the basic materials company's stock valued at $40,000 after buying an additional 422 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Valvoline by 18.6% during the first quarter. Fifth Third Bancorp now owns 1,872 shares of the basic materials company's stock worth $65,000 after buying an additional 294 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Valvoline by 147.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company's stock worth $66,000 after buying an additional 1,250 shares in the last quarter. Finally, WealthPLAN Partners LLC bought a new position in shares of Valvoline in the 1st quarter valued at $86,000. 92.03% of the stock is currently owned by institutional investors.

Valvoline stock opened at $33.37 on Tuesday. Valvoline Inc. has a 52-week low of $24.40 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 5.49, a quick ratio of 2.59 and a current ratio of 2.68. The firm has a 50 day moving average price of $36.42 and a two-hundred day moving average price of $35.92. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 3.78 and a beta of 1.32.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Valvoline had a return on equity of 42.99% and a net margin of 110.05%. The firm had revenue of $376.20 million during the quarter, compared to analyst estimates of $367.53 million. During the same period last year, the company posted $0.58 EPS. The business's quarterly revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Valvoline Inc. will post 1.2 EPS for the current year.

In other news, insider Julie Marie O'daniel sold 3,087 shares of the firm's stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $34.67, for a total transaction of $107,026.29. Following the completion of the sale, the insider now owns 16,230 shares of the company's stock, valued at approximately $562,694.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Vada O. Manager sold 8,651 shares of the business's stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $33.54, for a total value of $290,154.54. Following the completion of the sale, the director now directly owns 5,269 shares of the company's stock, valued at approximately $176,722.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Marie O'daniel sold 3,087 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $34.67, for a total value of $107,026.29. Following the completion of the transaction, the insider now owns 16,230 shares in the company, valued at approximately $562,694.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,438 shares of company stock valued at $454,182. 0.99% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on VVV shares. Stephens started coverage on Valvoline in a report on Friday, June 23rd. They issued an "overweight" rating and a $43.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Valvoline from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, August 10th. TheStreet lowered shares of Valvoline from a "b" rating to a "c" rating in a report on Wednesday, August 9th. StockNews.com assumed coverage on shares of Valvoline in a research note on Thursday, August 17th. They set a "hold" rating for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Valvoline from $40.00 to $43.00 in a research note on Thursday, May 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.60.

Get Our Latest Stock Analysis on Valvoline

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.

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