Peregrine Capital Management LLC Buys 39,080 Shares of Valvoline $VVV

Peregrine Capital Management LLC lifted its stake in shares of Valvoline (NYSE:VVV) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,960 shares of the basic materials company’s stock after purchasing an additional 39,080 shares during the quarter. Peregrine Capital Management LLC’s holdings in Valvoline were worth $9,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VVV. Teacher Retirement System of Texas lifted its position in Valvoline by 3.0% during the second quarter. Teacher Retirement System of Texas now owns 18,349 shares of the basic materials company’s stock worth $695,000 after purchasing an additional 527 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Valvoline by 287.5% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 96,839 shares of the basic materials company’s stock valued at $3,667,000 after buying an additional 71,851 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Valvoline by 16.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 196,099 shares of the basic materials company’s stock worth $7,426,000 after acquiring an additional 28,324 shares during the period. Anthracite Investment Company Inc. acquired a new stake in shares of Valvoline during the 2nd quarter worth approximately $1,780,000. Finally, Linden Thomas Advisory Services LLC increased its stake in Valvoline by 2.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 48,781 shares of the basic materials company’s stock valued at $1,847,000 after acquiring an additional 1,064 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Insider Activity

In other news, CFO J Kevin Willis purchased 12,725 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the transaction, the chief financial officer owned 12,725 shares of the company’s stock, valued at approximately $501,492.25. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

Valvoline Price Performance

Shares of VVV opened at $33.55 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. The stock has a market cap of $4.26 billion, a PE ratio of 15.60 and a beta of 1.18. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The business has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $36.47.

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

Wall Street Analyst Weigh In

Several research analysts have commented on VVV shares. Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Piper Sandler boosted 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. Zacks Research raised Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valvoline in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 target price on shares of Valvoline in a report on Tuesday, October 21st. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Valvoline currently has an average rating of “Moderate Buy” and an average price target of $42.62.

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.