Valvoline Inc. (NYSE:VVV) Position Trimmed by Fmr LLC

FMR LLC lowered its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 31.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,495,402 shares of the basic materials company's stock after selling 2,057,492 shares during the quarter. FMR LLC owned approximately 3.49% of Valvoline worth $188,133,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position 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 buying an additional 302 shares during the last quarter. Blue Trust Inc. lifted its position 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 worth $32,000 after purchasing an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Valvoline in the second quarter valued at $34,000. Mather Group LLC. raised its holdings in Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Valvoline during the third quarter worth $41,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Stock Down 1.2 %

Shares of Valvoline stock traded down $0.46 during trading on Tuesday, reaching $38.98. The company's stock had a trading volume of 489,415 shares, compared to its average volume of 1,200,512. The company has a 50-day simple moving average of $41.14 and a two-hundred day simple moving average of $41.78. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 24.35 and a beta of 1.43. 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 1-year low of $33.86 and a 1-year high of $48.26.

Wall Street Analyst Weigh In

VVV has been the subject of a number of research analyst reports. Mizuho cut their price target on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Morgan Stanley decreased their price objective on Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Royal Bank of Canada dropped 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. Baird R W upgraded Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Finally, Stephens started coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price objective on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $46.25.

Insider Activity at Valvoline

In other news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the acquisition, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. The trade was a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lori Ann Flees purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the acquisition, the chief executive officer now owns 38,428 shares of the company's stock, valued at approximately $1,523,285.92. The trade was a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.34% of the stock is owned by company insiders.

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.