L. Roy Papp & Associates LLP Has $629,000 Holdings in Valvoline Inc. (NYSE:VVV)

L. Roy Papp & Associates LLP lessened its holdings in shares of Valvoline Inc. (NYSE:VVV) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,080 shares of the basic materials company’s stock after selling 920 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Valvoline were worth $629,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Valvoline by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 12,893,648 shares of the basic materials company’s stock worth $466,492,000 after buying an additional 101,834 shares during the period. Wasatch Advisors LP raised its stake in Valvoline by 11.1% during the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company’s stock worth $391,405,000 after buying an additional 1,080,114 shares during the period. Fiduciary Management Inc. WI raised its stake in Valvoline by 35.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company’s stock worth $152,726,000 after buying an additional 1,096,486 shares during the period. Alua Capital Management LP raised its stake in Valvoline by 5.1% during the 4th quarter. Alua Capital Management LP now owns 3,605,281 shares of the basic materials company’s stock worth $130,439,000 after buying an additional 175,848 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Valvoline by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,608,067 shares of the basic materials company’s stock worth $94,362,000 after buying an additional 6,871 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Activity

In other news, CEO Lori Ann Flees bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the purchase, the chief executive officer now owns 46,614 shares of the company’s stock, valued at approximately $1,574,620.92. This trade represents a 6.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on VVV. TD Securities began coverage on Valvoline in a research note on Friday, April 4th. They issued a “buy” rating and a $40.00 price target on the stock. TD Cowen started coverage on Valvoline in a research note on Friday, April 4th. They issued a “buy” rating and a $40.00 price target on the stock. The Goldman Sachs Group upgraded Valvoline from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $45.00 in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Finally, Morgan Stanley reduced their price target on Valvoline from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.54.

Valvoline Price Performance

Shares of NYSE VVV opened at $36.65 on Thursday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 17.54 and a beta of 1.20. The business has a 50-day moving average of $34.19 and a 200-day moving average of $36.11. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $403.20 million during 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%. Valvoline’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. As a group, sell-side analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

About Valvoline

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.