Gateway Investment Advisers LLC decreased its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 151,674 shares of the basic materials company's stock after selling 10,461 shares during the quarter. Gateway Investment Advisers LLC owned about 0.12% of Valvoline worth $5,488,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of VVV. UMB Bank n.a. increased 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 worth $26,000 after acquiring an additional 302 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Valvoline in the third quarter worth $41,000. ORG Partners LLC raised its stake in Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,050 shares in the last quarter. Blue Trust Inc. lifted its position in Valvoline by 83.0% during the third quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 604 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Valvoline by 46.5% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 465 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CTO Robert Travis Dobbins sold 1,914 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares in the company, valued at approximately $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles M. Sonsteby acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now owns 26,437 shares of the company's stock, valued at $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.66% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on VVV. Robert W. Baird decreased their target price on shares of Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley decreased their price objective on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Royal Bank of Canada dropped their target price on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Stephens began coverage on Valvoline in a research report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 target price on the stock. Finally, Mizuho lowered their price target on Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valvoline has an average rating of "Moderate Buy" and a consensus price target of $45.33.
Read Our Latest Research Report on Valvoline
Valvoline Trading Down 0.7 %
VVV stock traded down $0.26 during midday trading on Friday, reaching $36.23. The company's stock had a trading volume of 882,709 shares, compared to its average volume of 1,117,845. Valvoline Inc. has a 1 year low of $33.86 and a 1 year high of $48.26. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.36 and a beta of 1.45. The stock has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $40.70. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.
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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