Crossmark Global Holdings Inc. Has $496,000 Stake in Valvoline Inc. (NYSE:VVV)

Crossmark Global Holdings Inc. boosted its holdings in shares of Valvoline Inc. (NYSE:VVV) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,485 shares of the basic materials company’s stock after buying an additional 731 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Valvoline were worth $496,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VVV. Truist Financial Corp grew its position in shares of Valvoline by 9.0% in the fourth quarter. Truist Financial Corp now owns 121,945 shares of the basic materials company’s stock valued at $4,583,000 after purchasing an additional 10,056 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Valvoline by 9.8% in the fourth quarter. Victory Capital Management Inc. now owns 27,156 shares of the basic materials company’s stock valued at $1,021,000 after purchasing an additional 2,414 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of Valvoline by 265.6% in the fourth quarter. Natixis Advisors L.P. now owns 310,054 shares of the basic materials company’s stock valued at $11,651,000 after purchasing an additional 225,247 shares during the last quarter. M&T Bank Corp grew its position in shares of Valvoline by 1.6% in the fourth quarter. M&T Bank Corp now owns 42,471 shares of the basic materials company’s stock valued at $1,596,000 after purchasing an additional 674 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its position in shares of Valvoline by 48.8% in the fourth quarter. Summit Trail Advisors LLC now owns 10,940 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 3,588 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VVV has been the topic of several research analyst reports. Piper Sandler initiated coverage on Valvoline in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price target on the stock. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Citigroup increased their target price on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Wells Fargo & Company reduced their target price on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Robert W. Baird assumed coverage on shares of Valvoline in a research note on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

Valvoline Stock Down 0.8 %

Shares of VVV opened at $42.20 on Tuesday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 33.49 and a beta of 1.45. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $48.26. The company has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $42.62.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $421.00 million for the quarter, compared to the consensus estimate of $425.17 million. Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Equities analysts predict that Valvoline Inc. will post 1.53 EPS for the current fiscal year.

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.