Alpine Woods Capital Investors LLC Has $401,000 Stock Position in Valvoline $VVV

Alpine Woods Capital Investors LLC grew its stake in shares of Valvoline (NYSE:VVV) by 34.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,599 shares of the basic materials company’s stock after purchasing an additional 2,689 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Valvoline were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Valvoline during the second quarter worth about $220,000. CWM LLC increased its position in shares of Valvoline by 91.6% during the second quarter. CWM LLC now owns 2,759 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 1,319 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Valvoline during the second quarter worth about $205,000. Inspire Investing LLC increased its position in shares of Valvoline by 8.0% during the second quarter. Inspire Investing LLC now owns 12,779 shares of the basic materials company’s stock worth $484,000 after acquiring an additional 946 shares in the last quarter. Finally, L. Roy Papp & Associates LLP increased its position in shares of Valvoline by 2.0% during the second quarter. L. Roy Papp & Associates LLP now owns 18,440 shares of the basic materials company’s stock worth $698,000 after acquiring an additional 360 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Valvoline

In related news, CFO J Kevin Willis bought 12,725 shares of Valvoline stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $39.41 per share, with a total value of $501,492.25. Following the transaction, the chief financial officer directly owned 12,725 shares of the company’s stock, valued at approximately $501,492.25. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VVV shares. Cfra Research raised shares of Valvoline to a “hold” rating in a research report on Monday, July 7th. Piper Sandler increased their target price on shares of Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Stephens increased their target price on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company upped their price objective on shares of Valvoline from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.77.

Valvoline Trading Up 6.0%

Shares of VVV stock opened at $35.28 on Tuesday. Valvoline has a 52-week low of $31.01 and a 52-week high of $43.74. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. The company has a 50-day simple moving average of $38.10 and a two-hundred day simple moving average of $36.41. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.41 and a beta of 1.18.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Valvoline will post 1.63 EPS 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.