Fiera Capital Corp Purchases New Shares in Valvoline Inc. (NYSE:VVV)

Fiera Capital Corp bought a new stake in Valvoline Inc. (NYSE:VVV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 610,224 shares of the basic materials company's stock, valued at approximately $25,538,000. Fiera Capital Corp owned 0.47% of Valvoline at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock worth $26,000 after buying an additional 302 shares during the last quarter. Blue Trust Inc. boosted its position in Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock worth $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Valvoline during the second quarter worth approximately $34,000. Mather Group LLC. boosted its position in shares of Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 760 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Valvoline from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Citigroup increased their price objective on Valvoline from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, July 19th. Royal Bank of Canada lowered their price objective on Valvoline from $54.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Robert W. Baird began coverage on Valvoline in a research report on Thursday, August 15th. They issued an "outperform" rating and a $48.00 price objective for the company. Finally, Stephens began coverage on Valvoline in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.75.

Valvoline Stock Down 1.1 %

Shares of NYSE:VVV traded down $0.48 during trading on Friday, hitting $42.93. 703,097 shares of the company were exchanged, compared to its average volume of 1,179,045. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 34.90 and a beta of 1.46. Valvoline Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $48.26. The firm has a fifty day moving average price of $41.16 and a two-hundred day moving average price of $42.03. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share 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 analyst estimates of $425.17 million. Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts anticipate that Valvoline Inc. will post 1.5 earnings per share for the current fiscal year.

Valvoline announced that its board has initiated a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.