William Allan Corp Purchases Shares of 19,892 Valvoline $VVV

William Allan Corp purchased a new stake in Valvoline (NYSE:VVV) during the second quarter, HoldingsChannel.com reports. The fund purchased 19,892 shares of the basic materials company’s stock, valued at approximately $753,000.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Valvoline by 24.9% in the first quarter. IFP Advisors Inc now owns 2,832 shares of the basic materials company’s stock valued at $100,000 after buying an additional 565 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Valvoline by 101.5% in the first quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 1,093 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Valvoline in the first quarter valued at approximately $316,000. GSA Capital Partners LLP acquired a new stake in shares of Valvoline in the first quarter valued at approximately $865,000. Finally, Inspire Investing LLC raised its holdings in shares of Valvoline by 8.0% in the second quarter. Inspire Investing LLC now owns 12,779 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 946 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Price Performance

Shares of VVV opened at $33.55 on Tuesday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 15.60 and a beta of 1.18. Valvoline has a 1-year low of $31.01 and a 1-year high of $43.74. The company’s fifty day simple moving average is $37.27 and its 200 day simple moving average is $36.47. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37.

Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. On average, research analysts forecast that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO J Kevin Willis bought 12,725 shares of the stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer owned 12,725 shares in the company, valued at approximately $501,492.25. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 price objective on shares of Valvoline in a report on Tuesday, October 21st. Wells Fargo & Company lowered their price objective on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Zacks Research upgraded shares of Valvoline to a “hold” rating in a report on Tuesday, August 12th. Piper Sandler lifted their price objective on shares of Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Finally, Stephens lifted their price objective on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.62.

About Valvoline

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.