Valvoline Inc. (NYSE:VVV) is Tensile Capital Management LP’s 5th Largest Position

Tensile Capital Management LP reduced its position in Valvoline Inc. (NYSE:VVV) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,840,179 shares of the basic materials company’s stock after selling 35,000 shares during the quarter. Valvoline makes up about 6.9% of Tensile Capital Management LP’s holdings, making the stock its 5th largest holding. Tensile Capital Management LP’s holdings in Valvoline were worth $66,578,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its position in Valvoline by 52.4% during the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company’s stock worth $2,242,000 after purchasing an additional 18,414 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Valvoline in the fourth quarter worth $17,340,000. Park Avenue Securities LLC boosted its position in shares of Valvoline by 24.9% in the fourth quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company’s stock worth $319,000 after buying an additional 1,753 shares during the period. Inspire Investing LLC grew its holdings in shares of Valvoline by 11.5% during the fourth quarter. Inspire Investing LLC now owns 12,234 shares of the basic materials company’s stock valued at $443,000 after buying an additional 1,265 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Valvoline by 90.5% during the fourth quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock valued at $92,000 after buying an additional 1,206 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares of the company’s stock, valued at $572,560.05. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler restated an “overweight” rating and set a $44.00 price objective (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. TD Securities initiated coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. Finally, TD Cowen assumed coverage on shares of Valvoline in a research note on Friday, April 4th. They set a “buy” rating and a $40.00 target price for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valvoline has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Valvoline Price Performance

NYSE VVV opened at $34.92 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $4.44 billion, a PE ratio of 16.71 and a beta of 1.20. Valvoline Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The company has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $36.74.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $403.20 million for the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, equities analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current fiscal 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.