William Allan Corp Makes New Investment in Valvoline $VVV

William Allan Corp acquired a new position in shares of Valvoline (NYSE:VVV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,892 shares of the basic materials company’s stock, valued at approximately $753,000.

A number of other hedge funds have also recently added to or reduced their stakes in VVV. Maseco LLP bought a new stake in Valvoline during the 2nd quarter worth about $27,000. Parallel Advisors LLC boosted its stake in shares of Valvoline by 67.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 469 shares during the last quarter. Steph & Co. bought a new position in shares of Valvoline in the 2nd quarter valued at about $45,000. CWM LLC boosted its stake in shares of Valvoline by 50.8% in the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 485 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Valvoline by 101.5% in the 1st quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 1,093 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Performance

Shares of NYSE:VVV opened at $33.55 on Tuesday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.60 and a beta of 1.18. The firm’s 50 day simple moving average is $37.27 and its 200 day simple moving average is $36.47. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. Valvoline’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. As a group, sell-side analysts forecast that Valvoline will post 1.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO J Kevin Willis purchased 12,725 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the completion of the purchase, the chief financial officer owned 12,725 shares in the company, valued at $501,492.25. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VVV. Wall Street Zen lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Zacks Research raised shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Stephens raised their target price on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Piper Sandler raised their target price on shares of Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Valvoline in a research note on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.62.

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.