Brokerages Set Valvoline (NYSE:VVV) PT at $42.62

Valvoline (NYSE:VVV) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.6154.

VVV has been the topic of a number of recent analyst reports. Stephens boosted their price objective on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target on shares of Valvoline in a research report on Tuesday, October 21st. Zacks Research upgraded Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Piper Sandler boosted their price objective on Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company decreased their target price on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st.

Valvoline Trading Up 1.0%

Shares of VVV stock opened at $31.61 on Monday. The firm has a market cap of $4.02 billion, a P/E ratio of 14.70 and a beta of 1.20. The firm’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $36.41. Valvoline has a 1-year low of $30.77 and a 1-year high of $43.74. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60.

Insider Activity at Valvoline

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

Institutional Trading of Valvoline

A number of hedge funds have recently bought and sold shares of the company. Fiduciary Management Inc. WI lifted its stake in Valvoline by 13.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company’s stock worth $166,021,000 after acquiring an additional 548,071 shares in the last quarter. Boston Partners increased its holdings in shares of Valvoline by 67.3% in the 2nd quarter. Boston Partners now owns 3,977,293 shares of the basic materials company’s stock valued at $150,604,000 after purchasing an additional 1,599,973 shares during the period. Alua Capital Management LP increased its holdings in shares of Valvoline by 3.6% in the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company’s stock valued at $129,997,000 after purchasing an additional 129,185 shares during the period. Cooke & Bieler LP lifted its position in shares of Valvoline by 14.4% in the third quarter. Cooke & Bieler LP now owns 3,337,000 shares of the basic materials company’s stock worth $119,832,000 after purchasing an additional 419,094 shares in the last quarter. Finally, Sculptor Capital LP boosted its holdings in shares of Valvoline by 47.5% during the second quarter. Sculptor Capital LP now owns 3,000,000 shares of the basic materials company’s stock worth $113,610,000 after purchasing an additional 966,500 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

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.