Algert Global LLC Acquires 50,980 Shares of Valvoline Inc. (NYSE:VVV)

Algert Global LLC lifted its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 83.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,185 shares of the basic materials company's stock after purchasing an additional 50,980 shares during the period. Algert Global LLC owned 0.09% of Valvoline worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 302 shares during the period. Blue Trust Inc. boosted its stake 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 valued at $32,000 after buying an additional 267 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Valvoline during the second quarter worth approximately $34,000. Mather Group LLC. increased its stake in Valvoline by 1,617.0% during the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock worth $36,000 after acquiring an additional 760 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Valvoline in the 3rd quarter valued at $41,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VVV has been the topic of several analyst reports. Robert W. Baird reduced their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada decreased their target price on shares of Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Stephens began coverage on shares of Valvoline in a report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Finally, Mizuho lowered their price objective on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $46.25.

Valvoline Price Performance

Shares of NYSE VVV traded up $0.93 during midday trading on Monday, reaching $39.50. 1,983,038 shares of the company were exchanged, compared to its average volume of 1,202,255. The stock's 50-day moving average price is $41.33 and its 200-day moving average price is $41.89. The stock has a market cap of $5.09 billion, a P/E ratio of 24.65 and a beta of 1.46. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a one year low of $33.86 and a one year high of $48.26.

Valvoline declared 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 buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Valvoline 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.