Silvercrest Asset Management Group LLC Buys 13,495 Shares of Valvoline Inc. (NYSE:VVV)

Silvercrest Asset Management Group LLC grew its holdings in shares of Valvoline Inc. (NYSE:VVV) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 281,162 shares of the basic materials company’s stock after purchasing an additional 13,495 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Valvoline were worth $10,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VVV. Norges Bank bought a new stake in shares of Valvoline during the 4th quarter valued at $54,114,000. Fiduciary Management Inc. WI grew its position in shares of Valvoline by 35.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 4,221,275 shares of the basic materials company’s stock valued at $152,726,000 after acquiring an additional 1,096,486 shares during the period. Wasatch Advisors LP grew its position in shares of Valvoline by 11.1% during the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company’s stock valued at $391,405,000 after acquiring an additional 1,080,114 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Valvoline during the 4th quarter valued at $35,051,000. Finally, Marshall Wace LLP grew its position in shares of Valvoline by 697.1% during the 4th quarter. Marshall Wace LLP now owns 1,058,267 shares of the basic materials company’s stock valued at $38,288,000 after acquiring an additional 925,504 shares during the period. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Up 2.0%

VVV opened at $34.92 on Friday. The firm has a 50-day simple moving average of $34.38 and a two-hundred day simple moving average of $36.74. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The company has a market capitalization of $4.44 billion, a PE ratio of 16.71 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The company had revenue of $403.20 million for the quarter, compared to the consensus estimate of $405.38 million. During the same period last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Piper Sandler restated an “overweight” rating and set a $44.00 target price (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Wells Fargo & Company lowered their target price on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. TD Securities began coverage on shares of Valvoline in a research note on Friday, April 4th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Valvoline has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O’daniel sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This represents a 28.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

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.