Valvoline Inc. (NYSE:VVV) Holdings Boosted by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its stake in shares of Valvoline Inc. (NYSE:VVV) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,314 shares of the basic materials company’s stock after purchasing an additional 602 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Valvoline were worth $359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. bought a new position in Valvoline during the 4th quarter worth $39,000. BNP Paribas Financial Markets grew its position in shares of Valvoline by 239.6% during the fourth quarter. BNP Paribas Financial Markets now owns 58,436 shares of the basic materials company’s stock worth $2,196,000 after acquiring an additional 41,227 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Valvoline in the 4th quarter worth about $455,000. Quadrant Capital Group LLC lifted its position in Valvoline by 23.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 364 shares during the last quarter. Finally, Norges Bank acquired a new position in Valvoline during the 4th quarter valued at about $61,656,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Valvoline in a research note on Thursday, August 15th. They issued an “outperform” rating and a $48.00 price target on the stock. Royal Bank of Canada cut their target price on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler assumed coverage on Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price target for the company. Citigroup lifted their price objective on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company decreased their target price on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.57.

Valvoline Price Performance

Shares of NYSE VVV opened at $41.60 on Friday. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $48.26. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57. The firm has a 50-day moving average of $42.43 and a two-hundred day moving average of $42.51. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 33.02 and a beta of 1.45.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $421.00 million for the quarter, compared to analyst estimates of $425.17 million. Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, analysts expect that Valvoline Inc. will post 1.53 earnings per share for the current fiscal year.

Valvoline Company 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.