Alpine Woods Capital Investors LLC Buys 2,689 Shares of Valvoline $VVV

Alpine Woods Capital Investors LLC grew its stake in shares of Valvoline (NYSE:VVV) by 34.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,599 shares of the basic materials company’s stock after acquiring an additional 2,689 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Valvoline were worth $401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maseco LLP bought a new position in shares of Valvoline during the 2nd quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new position in Valvoline in the 1st quarter worth approximately $35,000. Parallel Advisors LLC boosted its holdings in Valvoline by 67.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock worth $44,000 after buying an additional 469 shares during the period. Steph & Co. bought a new position in Valvoline in the 2nd quarter worth approximately $45,000. Finally, CWM LLC boosted its holdings in Valvoline by 50.8% in the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company’s stock worth $50,000 after buying an additional 485 shares during the period. 96.13% of the stock is owned by institutional investors.

Insider Transactions at Valvoline

In other news, CFO J Kevin Willis bought 12,725 shares of the stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the purchase, the chief financial officer directly owned 12,725 shares of the company’s stock, valued at $501,492.25. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Valvoline Stock Performance

NYSE VVV opened at $35.28 on Tuesday. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. The stock has a market capitalization of $4.48 billion, a PE ratio of 16.41 and a beta of 1.18. The company’s 50 day simple moving average is $38.10 and its two-hundred day simple moving average is $36.41.

Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $436.35 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stephens raised their price objective on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valvoline in a report on Wednesday, October 8th. Piper Sandler raised their price objective on shares of Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Cfra Research raised shares of Valvoline to a “hold” rating in a report on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Valvoline currently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

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.