Federated Hermes Inc. Has $615,000 Stock Holdings in Valvoline Inc. (NYSE:VVV)

Federated Hermes Inc. lifted its stake in Valvoline Inc. (NYSE:VVV) by 29.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,237 shares of the basic materials company’s stock after acquiring an additional 3,263 shares during the quarter. Federated Hermes Inc.’s holdings in Valvoline were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Valvoline in the second quarter worth $34,000. Mather Group LLC. boosted its holdings in Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 760 shares in the last quarter. Principal Securities Inc. bought a new stake in Valvoline in the fourth quarter worth $39,000. Finally, Quadrant Capital Group LLC boosted 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. 96.13% of the stock is owned by institutional investors and hedge funds.

Valvoline Stock Down 0.9 %

NYSE VVV opened at $41.21 on Monday. 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 firm has a 50-day simple moving average of $42.34 and a 200 day simple moving average of $42.47. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $48.26. The stock has a market cap of $5.31 billion, a PE ratio of 32.71 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 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The company had revenue of $421.00 million during the quarter, compared to the consensus estimate of $425.17 million. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts forecast that Valvoline Inc. will post 1.53 EPS for the current year.

Valvoline announced that its board has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VVV shares. Piper Sandler started coverage on shares of Valvoline in a report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price objective for the company. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Citigroup upped their price target on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada decreased their price target on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Robert W. Baird assumed coverage on shares of Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. 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 company’s stock. According to MarketBeat, Valvoline presently has an average rating of “Moderate Buy” and an average price target 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.