Bank of Montreal Can increased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 438.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 308,699 shares of the basic materials company's stock after acquiring an additional 251,398 shares during the quarter. Bank of Montreal Can owned about 0.24% of Valvoline worth $12,919,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of Valvoline by 92.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock worth $26,000 after purchasing an additional 302 shares in the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Valvoline in the 2nd quarter valued at about $34,000. Mather Group LLC. raised its position in shares of Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock valued at $36,000 after buying an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Valvoline during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 96.13% of the company's stock.
Insider Buying and Selling
In related news, Director Charles M. Sonsteby acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the acquisition, the director now directly owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.34% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price target for the company. Royal Bank of Canada reduced their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird lowered their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their target price on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. One equities research 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 company's stock. According to MarketBeat, Valvoline currently has an average rating of "Buy" and a consensus target price of $46.25.
Read Our Latest Research Report on VVV
Valvoline Trading Down 1.0 %
Shares of NYSE:VVV traded down $0.39 during midday trading on Friday, hitting $39.71. 1,232,452 shares of the stock were exchanged, compared to its average volume of 1,333,130. The business's 50-day moving average price is $41.18 and its 200 day moving average price is $41.80. Valvoline Inc. has a 12 month low of $33.86 and a 12 month 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 stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 24.51 and a beta of 1.46.
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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