Point72 DIFC Ltd acquired a new stake in Valvoline Inc. (NYSE:VVV - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,481 shares of the basic materials company's stock, valued at approximately $1,317,000.
Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 302 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock worth $32,000 after buying an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Valvoline in the second quarter worth about $34,000. Mather Group LLC. lifted 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 worth $36,000 after buying an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Valvoline in the third quarter worth about $41,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VVV has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Stephens initiated coverage on Valvoline in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price on the stock. Mizuho decreased their target price on Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley decreased their target price on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Finally, Baird R W upgraded Valvoline to a "strong-buy" rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Valvoline currently has an average rating of "Buy" and an average target price of $46.25.
View Our Latest Research Report on Valvoline
Insider Activity
In other Valvoline news, CEO Lori Ann Flees bought 2,500 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $39.64 per share, with a total value of $99,100.00. Following the completion of the purchase, the chief executive officer now owns 38,428 shares in the company, valued at $1,523,285.92. This represents a 6.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles M. Sonsteby bought 10,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the purchase, the director now owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. The trade was a 60.84 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.34% of the company's stock.
Valvoline Trading Down 2.2 %
VVV stock traded down $0.85 during midday trading on Thursday, reaching $38.04. 1,658,528 shares of the company traded hands, compared to its average volume of 1,207,938. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. The business has a 50 day moving average of $40.94 and a 200-day moving average of $41.72. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 23.48 and a beta of 1.43.
About Valvoline
(
Free Report)
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.
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