Qsemble Capital Management LP Makes New $286,000 Investment in Valvoline Inc. (NYSE:VVV)

Qsemble Capital Management LP acquired a new position in shares of Valvoline Inc. (NYSE:VVV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,417 shares of the basic materials company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in shares of Valvoline in the 4th quarter valued at about $26,000. GAMMA Investing LLC bought a new stake in shares of Valvoline in the 4th quarter valued at about $35,000. Principal Securities Inc. bought a new stake in shares of Valvoline in the 4th quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in shares of Valvoline in the 4th quarter valued at approximately $57,000. Finally, Fifth Third Bancorp grew its position in shares of Valvoline by 20.3% in the 4th quarter. Fifth Third Bancorp now owns 1,876 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 316 shares during the period. 96.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VVV has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price objective on shares of Valvoline in a research report on Friday, June 7th. Mizuho initiated coverage on Valvoline in a research report on Tuesday, March 19th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Piper Sandler began coverage on Valvoline in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.88.

Valvoline Stock Up 3.8 %

NYSE:VVV traded up $1.75 during trading hours on Tuesday, reaching $47.60. 1,170,734 shares of the stock were exchanged, compared to its average volume of 1,176,474. Valvoline Inc. has a twelve month low of $29.15 and a twelve month high of $47.64. The company has a debt-to-equity ratio of 15.83, a current ratio of 0.73 and a quick ratio of 0.69. The firm has a 50 day moving average of $42.05 and a 200 day moving average of $41.11. The stock has a market cap of $6.13 billion, a PE ratio of 37.71 and a beta of 1.44.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $388.70 million during the quarter, compared to the consensus estimate of $390.75 million. Valvoline had a return on equity of 136.59% and a net margin of 11.78%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities analysts expect that Valvoline Inc. will post 1.61 earnings per share for the current 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.