Valvoline Inc. (NYSE:VVV) Stock Position Decreased by Amalgamated Bank

Amalgamated Bank lowered its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 23.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,339 shares of the basic materials company's stock after selling 19,125 shares during the period. Amalgamated Bank's holdings in Valvoline were worth $2,651,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Inspire Advisors LLC bought a new position in Valvoline during the 1st quarter worth approximately $237,000. Sei Investments Co. lifted its holdings in shares of Valvoline by 23.7% in the 1st quarter. Sei Investments Co. now owns 554,416 shares of the basic materials company's stock worth $24,710,000 after purchasing an additional 106,151 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Valvoline by 97.6% in the 1st quarter. Tidal Investments LLC now owns 29,843 shares of the basic materials company's stock worth $1,330,000 after purchasing an additional 14,739 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Valvoline by 28.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company's stock worth $5,453,000 after purchasing an additional 28,254 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Valvoline by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company's stock worth $48,857,000 after purchasing an additional 68,340 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stephens initiated coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target on the stock. Citigroup raised their target price on Valvoline from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. Robert W. Baird initiated coverage on Valvoline in a research report on Thursday, August 15th. They issued an "outperform" rating and a $48.00 target price on the stock. Royal Bank of Canada lowered their target price on Valvoline from $54.00 to $48.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Finally, Baird R W upgraded Valvoline to a "strong-buy" rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.75.

Valvoline Price Performance

Shares of VVV stock traded up $0.31 during mid-day trading on Monday, hitting $43.24. 965,296 shares of the stock traded hands, compared to its average volume of 1,178,064. Valvoline Inc. has a twelve month low of $32.40 and a twelve month high of $48.26. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 34.90 and a beta of 1.46. The company's 50-day simple moving average is $41.16 and its 200-day simple moving average is $42.02. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73.

Valvoline announced that its board has authorized a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership 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.