Summit Trail Advisors LLC Purchases 1,288 Shares of Valvoline Inc. (NYSE:VVV)

Summit Trail Advisors LLC raised its position in Valvoline Inc. (NYSE:VVV) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,114 shares of the basic materials company’s stock after acquiring an additional 1,288 shares during the quarter. Summit Trail Advisors LLC’s holdings in Valvoline were worth $523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 267 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Valvoline by 23.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 364 shares in the last quarter. Victory Capital Management Inc. lifted its position in Valvoline by 2.0% during the second quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock valued at $1,173,000 after buying an additional 537 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Valvoline by 1.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 46,713 shares of the basic materials company’s stock valued at $2,018,000 after buying an additional 541 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Valvoline by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 34,481 shares of the basic materials company’s stock worth $1,490,000 after buying an additional 544 shares during the period. 96.13% of the stock is owned by institutional investors.

Valvoline Stock Down 0.9 %

Valvoline stock opened at $41.21 on Monday. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $48.26. The stock has a fifty day simple moving average of $42.34 and a two-hundred day simple moving average of $42.47. 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 market cap of $5.31 billion, a price-to-earnings ratio of 32.71 and a beta of 1.45.

Valvoline (NYSE:VVV) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $425.17 million. Valvoline had a return on equity of 182.88% and a net margin of 10.45%. Valvoline’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Equities analysts predict that Valvoline Inc. will post 1.53 EPS for the current fiscal year.

Valvoline announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird began coverage on shares of Valvoline in a research report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Citigroup boosted their price target on Valvoline from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Piper Sandler assumed coverage on Valvoline in a research report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price objective for the company. Wells Fargo & Company dropped their target price on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Baird R W upgraded Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Two research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.57.

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.