Susquehanna Fundamental Investments LLC Has $9.81 Million Stock Holdings in Valvoline Inc. (NYSE:VVV)

Susquehanna Fundamental Investments LLC increased its position in shares of Valvoline Inc. (NYSE:VVV) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,089 shares of the basic materials company’s stock after acquiring an additional 23,364 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.18% of Valvoline worth $9,810,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Sculptor Capital LP lifted its stake in shares of Valvoline by 187.6% during the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after acquiring an additional 1,226,000 shares during the period. Millennium Management LLC lifted its stake in shares of Valvoline by 33.5% during the second quarter. Millennium Management LLC now owns 217,564 shares of the basic materials company’s stock valued at $9,399,000 after acquiring an additional 54,565 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Valvoline during the second quarter valued at $1,798,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Valvoline by 30.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 828,403 shares of the basic materials company’s stock valued at $35,787,000 after acquiring an additional 191,504 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Valvoline by 13.1% during the second quarter. Squarepoint Ops LLC now owns 99,634 shares of the basic materials company’s stock valued at $4,304,000 after acquiring an additional 11,577 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Stock Down 1.4 %

Shares of Valvoline stock opened at $41.85 on Friday. Valvoline Inc. has a 1 year low of $29.15 and a 1 year high of $48.26. The business has a 50-day moving average of $41.86 and a two-hundred day moving average of $42.42. The company has a market capitalization of $5.39 billion, a P/E ratio of 33.21 and a beta of 1.45. The company has a debt-to-equity ratio of 10.57, a current ratio of 0.73 and a quick ratio of 0.62.

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

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

Wall Street Analysts Forecast Growth

VVV has been the topic of several research reports. Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Robert W. Baird assumed coverage on Valvoline in a research note on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price on the stock. 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 note on Thursday, August 8th. 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. Finally, Piper Sandler assumed coverage on Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valvoline presently has an average rating of “Moderate Buy” and a consensus price target of $47.57.

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.