Valvoline Inc. (NYSE:VVV) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of Valvoline Inc. (NYSE:VVV) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,935 shares of the basic materials company’s stock after selling 5,481 shares during the period. Sei Investments Co. owned about 0.43% of Valvoline worth $23,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in VVV. Blue Trust Inc. lifted its holdings in Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Valvoline by 2.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock valued at $1,173,000 after acquiring an additional 537 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Valvoline by 1.2% in 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 purchasing an additional 541 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Valvoline by 1.6% during 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 last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in Valvoline by 7.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,314 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 602 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VVV shares. Citigroup raised their price objective on Valvoline from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Piper Sandler initiated coverage on shares of 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 cut their target price on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Robert W. Baird initiated coverage on Valvoline in a report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.57.

Valvoline Price Performance

Shares of VVV opened at $41.64 on Wednesday. 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’s fifty day simple moving average is $42.13 and its 200-day simple moving average is $42.44. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 33.05 and a beta of 1.45. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $48.26.

Valvoline (NYSE:VVV) last announced its quarterly 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 company had revenue of $421.00 million during the quarter, compared to analysts’ expectations of $425.17 million. Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities analysts forecast that Valvoline Inc. will post 1.53 EPS for the current fiscal year.

Valvoline declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.