Homestead Advisers Corp Invests $1.27 Million in Valvoline $VVV

Homestead Advisers Corp purchased a new stake in Valvoline (NYSE:VVV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 33,500 shares of the basic materials company’s stock, valued at approximately $1,269,000.

Several other hedge funds have also added to or reduced their stakes in VVV. Maseco LLP acquired a new position in Valvoline in the second quarter valued at about $27,000. Parallel Advisors LLC lifted its holdings in shares of Valvoline by 67.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 469 shares in the last quarter. Steph & Co. acquired a new position in shares of Valvoline in the 2nd quarter valued at approximately $45,000. CWM LLC raised its holdings in Valvoline by 50.8% during 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. Finally, GAMMA Investing LLC lifted its stake in 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 buying an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

VVV has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valvoline in a research note on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 price target on shares of Valvoline in a research report on Tuesday, October 21st. Piper Sandler lifted their price target on Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Wells Fargo & Company decreased 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. Finally, Wall Street Zen cut Valvoline from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.62.

Insiders Place Their Bets

In related news, CFO J Kevin Willis acquired 12,725 shares of the stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $39.41 per share, with a total value of $501,492.25. Following the completion of the purchase, the chief financial officer directly owned 12,725 shares in the company, valued at $501,492.25. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

Valvoline Stock Up 1.9%

Shares of NYSE:VVV opened at $32.21 on Wednesday. The business has a fifty day simple moving average of $36.50 and a 200 day simple moving average of $36.45. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The firm has a market cap of $4.09 billion, a P/E ratio of 14.98 and a beta of 1.18. 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 (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $436.35 million. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Analysts predict that Valvoline will post 1.63 earnings per share for the current 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.