Baxter Bros Inc. Invests $601,000 in Valvoline $VVV

Baxter Bros Inc. bought a new position in shares of Valvoline (NYSE:VVV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,880 shares of the basic materials company’s stock, valued at approximately $601,000.

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

Insider Buying and Selling

In other Valvoline news, CFO J Kevin Willis bought 12,725 shares of Valvoline stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price 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 of the company’s stock, valued at $501,492.25. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on VVV. Stephens upped their target price on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Piper Sandler upped their target price on shares of Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Zacks Research raised shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Wells Fargo & Company upped their target price on shares of Valvoline from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Cfra Research raised shares of Valvoline to a “hold” rating in a research note on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.77.

Valvoline Stock Down 0.4%

Shares of VVV stock opened at $34.46 on Thursday. The firm has a fifty day moving average of $38.16 and a 200-day moving average of $36.42. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 1.18.

Valvoline (NYSE:VVV) last issued its quarterly earnings data 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 company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $436.35 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.