316,757 Valvoline $VVV Shares Sold by Cooke & Bieler LP

by · The Markets Daily

Cooke & Bieler LP cut its holdings in shares of Valvoline (NYSE:VVV – Free Report) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,156,308 shares of the basic materials company’s stock after selling 316,757 shares during the period. Valvoline comprises approximately 1.4% of Cooke & Bieler LP’s holdings, making the stock its 27th largest holding. Cooke & Bieler LP owned approximately 2.47% of Valvoline worth $95,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VVV. Legacy Wealth Asset Management LLC grew its holdings in shares of Valvoline by 16.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 8,764 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 1,240 shares during the last quarter. Diversified Management Inc. acquired a new stake in shares of Valvoline in the third quarter valued at $2,331,000. GAMMA Investing LLC increased its stake in shares of Valvoline by 98.0% in the third quarter. GAMMA Investing LLC now owns 2,841 shares of the basic materials company’s stock valued at $86,000 after buying an additional 1,406 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Valvoline by 48.0% in the third quarter. Farther Finance Advisors LLC now owns 3,680 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,193 shares in the last quarter. Finally, Elevation Wealth Partners LLC bought a new position in shares of Valvoline in the third quarter valued at about $34,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valvoline

In other Valvoline news, insider Julie O’Daniel sold 3,700 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $33.81, for a total transaction of $125,097.00. Following the completion of the sale, the insider directly owned 14,279 shares of the company’s stock, valued at approximately $482,772.99. The trade was a 20.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jordan M. Denny bought 1,506 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $33.20 per share, for a total transaction of $49,999.20. Following the completion of the transaction, the chief accounting officer owned 4,121 shares in the company, valued at approximately $136,817.20. This trade represents a 57.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is owned by company insiders.

Valvoline Stock Down 1.1%

NYSE VVV opened at $31.12 on Thursday. The stock has a fifty day moving average of $30.88 and a 200-day moving average of $34.20. The stock has a market capitalization of $3.97 billion, a P/E ratio of 17.49 and a beta of 1.03. Valvoline has a 52 week low of $26.21 and a 52 week high of $41.08. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.58 and a current ratio of 0.70.

Valvoline (NYSE:VVV – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Valvoline had a return on equity of 65.12% and a net margin of 5.17%. The company had revenue of $544.60 million during the quarter, compared to the consensus estimate of $543.21 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. On average, equities research analysts forecast that Valvoline will post 1.76 EPS for the current year.

Valvoline announced that its Board of Directors has approved a stock repurchase program on Tuesday, September 29th that allows the company to repurchase $175.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on VVV. Barclays decreased their price objective on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Wells Fargo & Company raised their price objective on shares of Valvoline from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. TD Cowen dropped their target price on shares of Valvoline from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Stephens boosted their target price on shares of Valvoline from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, New Street Research set a $34.00 target price on shares of Valvoline in a research report on Thursday, October 1st. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.44.

View Our Latest Research Report on VVV

Valvoline Profile

(Free Report)

Valvoline Inc (NYSE: VVV) is an automotive maintenance services company that operates and franchises Valvoline Instant Oil Change service centers. Its locations provide preventive vehicle maintenance designed to help drivers keep their cars operating reliably and extend the useful life of key components.

The company’s services include oil changes, fluid replacement and top-offs, battery testing and replacement, air-conditioning services, tire rotation, tire services, and replacement of filters, wiper blades, and other routine maintenance items.

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