Amalgamated Bank Has $3.56 Million Holdings in Valvoline Inc. (NYSE:VVV)

Amalgamated Bank boosted its stake in shares of Valvoline Inc. (NYSE:VVV) by 16.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,464 shares of the basic materials company’s stock after purchasing an additional 11,581 shares during the quarter. Amalgamated Bank owned about 0.06% of Valvoline worth $3,562,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its position in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Valvoline in the 2nd quarter valued at $34,000. Mather Group LLC. raised its stake in shares of Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock valued at $36,000 after buying an additional 760 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Valvoline during the 4th quarter worth about $39,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Valvoline by 23.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 364 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VVV. Citigroup lifted their price objective on Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Robert W. Baird assumed coverage on Valvoline in a research report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 price target on the stock. Royal Bank of Canada cut their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Piper Sandler assumed coverage on shares of Valvoline in a research report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price for the company. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.57.

Valvoline Price Performance

Shares of VVV stock opened at $41.21 on Monday. Valvoline Inc. has a 52 week low of $29.15 and a 52 week high of $48.26. The stock has a market capitalization of $5.31 billion, a PE ratio of 32.71 and a beta of 1.45. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. The stock’s fifty day moving average is $42.34 and its 200-day moving average is $42.47.

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

Valvoline declared that its board has initiated a stock repurchase program on Tuesday, July 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.