F M Investments LLC Has $11.59 Million Position in Valvoline Inc. (NYSE:VVV)

F M Investments LLC lessened its holdings in shares of Valvoline Inc. (NYSE:VVV) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,968 shares of the basic materials company’s stock after selling 621 shares during the quarter. F M Investments LLC owned 0.21% of Valvoline worth $11,591,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 302 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Valvoline by 6.1% in the second quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 359 shares in the last quarter. Park Place Capital Corp boosted its position in shares of Valvoline by 29.3% during the third quarter. Park Place Capital Corp now owns 1,608 shares of the basic materials company’s stock valued at $67,000 after buying an additional 364 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Valvoline by 46.5% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock worth $61,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Trading Up 0.2 %

Shares of NYSE VVV traded up $0.09 during midday trading on Friday, reaching $40.37. The company had a trading volume of 951,736 shares, compared to its average volume of 988,871. The firm’s fifty day moving average price is $41.15 and its 200-day moving average price is $42.00. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57. Valvoline Inc. has a one year low of $29.15 and a one year high of $48.26. The stock has a market cap of $5.20 billion, a PE ratio of 32.83 and a beta of 1.46.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $425.17 million. During the same period last year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Valvoline Inc. will post 1.53 earnings per share for the current year.

Valvoline announced that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VVV shares. Wells Fargo & Company cut their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada dropped their target price on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Stephens initiated coverage on Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target for the company. Robert W. Baird began coverage on Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.75.

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.