Atria Wealth Solutions Inc. Sells 553 Shares of Valvoline (NYSE:VVV)

Atria Wealth Solutions Inc. reduced its stake in shares of Valvoline (NYSE:VVV) by 5.5% in the first quarter, HoldingsChannel.com reports. The fund owned 9,437 shares of the basic materials company’s stock after selling 553 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Valvoline were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Geneva Capital Management LLC lifted its holdings in shares of Valvoline by 2.6% during the 1st quarter. Geneva Capital Management LLC now owns 1,252,659 shares of the basic materials company’s stock worth $43,605,000 after acquiring an additional 32,206 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Valvoline by 30.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,101 shares of the basic materials company’s stock worth $978,000 after acquiring an additional 6,515 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Valvoline in the first quarter worth $576,000. Nicolet Advisory Services LLC lifted its stake in Valvoline by 24.1% in the first quarter. Nicolet Advisory Services LLC now owns 7,640 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 1,483 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Valvoline in the first quarter worth $841,000. 96.13% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO J Kevin Willis purchased 12,725 shares of Valvoline stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the transaction, the chief financial officer directly owned 12,725 shares of the company’s stock, valued at $501,492.25. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lori Ann Flees purchased 3,000 shares of Valvoline stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $33.78 per share, for a total transaction of $101,340.00. Following the transaction, the chief executive officer directly owned 46,614 shares of the company’s stock, valued at $1,574,620.92. This trade represents a 6.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.

Valvoline Stock Performance

Shares of NYSE:VVV opened at $39.27 on Friday. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 18.27 and a beta of 1.17. The company has a 50-day moving average price of $37.33 and a 200-day moving average price of $36.08. 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 $31.01 and a 12 month high of $43.74.

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

Analysts Set New Price Targets

Several research firms have weighed in on VVV. Stephens boosted their price target on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group raised shares of Valvoline from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Cfra Research raised shares of Valvoline to a “hold” rating in a research note on Monday, July 7th. Morgan Stanley lowered their price target on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Finally, Citigroup lowered their price target on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.31.

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.