TimesSquare Capital Management LLC Increases Position in Valvoline $VVV

TimesSquare Capital Management LLC lifted its position in shares of Valvoline (NYSE:VVV) by 35.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 894,243 shares of the basic materials company’s stock after buying an additional 234,427 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.70% of Valvoline worth $33,865,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of VVV. Boston Partners lifted its position in shares of Valvoline by 67.3% in the second quarter. Boston Partners now owns 3,977,293 shares of the basic materials company’s stock valued at $150,604,000 after acquiring an additional 1,599,973 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in Valvoline by 118.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,678,878 shares of the basic materials company’s stock valued at $101,449,000 after purchasing an additional 1,454,458 shares during the period. ProShare Advisors LLC purchased a new position in Valvoline in the 2nd quarter worth approximately $213,000. Homestead Advisers Corp purchased a new stake in Valvoline during the 2nd quarter valued at approximately $1,269,000. Finally, Corton Capital Inc. bought a new stake in shares of Valvoline during the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VVV. Stephens upped their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Piper Sandler lifted their target price on Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Zacks Research upgraded Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valvoline in a report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.62.

Valvoline Stock Up 1.0%

Shares of NYSE VVV opened at $31.69 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. Valvoline has a 12-month low of $30.77 and a 12-month high of $43.43. The firm’s 50-day moving average price is $35.77 and its 200-day moving average price is $36.36. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.74 and a beta of 1.20.

Insider Activity at Valvoline

In related news, CFO J Kevin Willis bought 12,725 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the transaction, the chief financial officer owned 12,725 shares in the company, valued at $501,492.25. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.