Charles Schwab Investment Management Inc. Purchases 19,877 Shares of Valvoline Inc. (NYSE:VVV)

Charles Schwab Investment Management Inc. raised its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,625,842 shares of the basic materials company's stock after buying an additional 19,877 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of Valvoline worth $68,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. UMB Bank n.a. lifted its position 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 valued at $26,000 after acquiring an additional 302 shares during the period. Blue Trust Inc. raised its holdings in shares of Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline during the 2nd quarter worth about $34,000. Mather Group LLC. grew its stake 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 during the period. Finally, Prospera Private Wealth LLC bought a new stake in Valvoline in the 3rd quarter valued at about $41,000. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Down 1.0 %

Valvoline stock 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 1,203,433. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. The business's 50-day moving average price is $41.21 and its 200-day moving average price is $41.82. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 24.51 and a beta of 1.46.

Analysts Set New Price Targets

A number of brokerages have commented on VVV. Robert W. Baird reduced their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Morgan Stanley decreased their price target on shares of Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Baird R W raised shares of Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Wells Fargo & Company decreased their target price on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered 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. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $46.25.

Insider Activity

In related news, Director Charles M. Sonsteby purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of $39.50 per share, with a total value of $395,000.00. Following the acquisition, the director now owns 26,437 shares of the company's stock, valued at $1,044,261.50. This represents a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.34% of the stock is currently owned by corporate insiders.

About Valvoline

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.