FORA Capital LLC Acquires Shares of 16,437 Valvoline Inc. (NYSE:VVV)

FORA Capital LLC purchased a new stake in Valvoline Inc. (NYSE:VVV - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,437 shares of the basic materials company's stock, valued at approximately $688,000.

Several other large investors have also modified their holdings of the business. UMB Bank n.a. lifted its stake 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 in the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Valvoline during the second quarter valued at $34,000. Mather Group LLC. increased its position 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 purchasing an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Valvoline in the 3rd quarter valued at about $41,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Valvoline

In related news, Director Charles M. Sonsteby purchased 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the acquisition, the director now owns 26,437 shares in the company, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.34% of the company's stock.

Valvoline Trading Down 1.0 %

Shares of VVV traded down $0.39 during trading hours on Friday, hitting $39.71. The stock had a trading volume of 1,232,452 shares, compared to its average volume of 1,203,433. The company's fifty day simple moving average is $41.18 and its 200 day simple moving average is $41.81. 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 firm has a market cap of $5.10 billion, a P/E ratio of 24.51 and a beta of 1.46.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Baird R W upgraded shares of Valvoline to a "strong-buy" rating in a research report on Thursday, August 15th. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target for the company. Morgan Stanley decreased their price objective on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their target price on Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. One investment 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $46.25.

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.