Deutsche Bank AG Raises Position in Valvoline Inc. (NYSE:VVV)

Deutsche Bank AG raised its position in shares of Valvoline Inc. (NYSE:VVV) by 437.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,140 shares of the basic materials company’s stock after acquiring an additional 108,355 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of Valvoline worth $4,817,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VVV. Barclays PLC grew its stake in Valvoline by 52.4% in the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company’s stock worth $2,242,000 after purchasing an additional 18,414 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Valvoline by 24.9% during the 4th quarter. Park Avenue Securities LLC now owns 8,805 shares of the basic materials company’s stock valued at $319,000 after buying an additional 1,753 shares in the last quarter. Inspire Investing LLC grew its position in shares of Valvoline by 11.5% in the 4th quarter. Inspire Investing LLC now owns 12,234 shares of the basic materials company’s stock worth $443,000 after buying an additional 1,265 shares during the period. Blue Trust Inc. increased its stake in shares of Valvoline by 90.5% in the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 1,206 shares in the last quarter. Finally, KBC Group NV lifted its position in Valvoline by 61.1% during the 4th quarter. KBC Group NV now owns 4,647 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,763 shares during the period. 96.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on VVV. Citigroup cut their price objective on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Piper Sandler restated an “overweight” rating and issued a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. TD Cowen began coverage on Valvoline in a research report on Friday, April 4th. They set a “buy” rating and a $40.00 price objective for the company. Royal Bank of Canada boosted their target price on Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.33.

Insider Activity at Valvoline

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

Valvoline Stock Up 2.0%

VVV stock opened at $34.92 on Monday. The stock has a market capitalization of $4.44 billion, a P/E ratio of 16.71 and a beta of 1.20. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. Valvoline Inc. has a 1-year low of $31.02 and a 1-year high of $48.27. The business has a fifty day moving average price of $34.38 and a 200-day moving average price of $36.72.

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). The business had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Valvoline’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities analysts forecast that Valvoline Inc. 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.