Holocene Advisors LP Purchases 47,134 Shares of Valvoline Inc. (NYSE:VVV)

Holocene Advisors LP lifted its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 260.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,208 shares of the basic materials company's stock after purchasing an additional 47,134 shares during the period. Holocene Advisors LP owned 0.05% of Valvoline worth $2,729,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VVV. UMB Bank n.a. grew its holdings in Valvoline by 92.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 302 shares during the period. Blue Trust Inc. grew its stake in shares of Valvoline by 57.9% during the 2nd 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 during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Valvoline in the 2nd quarter worth approximately $34,000. Mather Group LLC. raised its stake 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 acquiring an additional 760 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in Valvoline during the third quarter valued at approximately $41,000. 96.13% of the stock is owned by institutional investors.

Valvoline Price Performance

NYSE:VVV traded down $0.36 during trading hours on Friday, reaching $37.69. The stock had a trading volume of 1,360,245 shares, compared to its average volume of 1,208,583. 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 $4.84 billion, a PE ratio of 23.48 and a beta of 1.43. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The company has a 50 day moving average price of $40.94 and a two-hundred day moving average price of $41.72.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VVV shares. Baird R W raised shares of Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Morgan Stanley cut their price target on Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Mizuho cut their target price on Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Finally, Robert W. Baird lowered their price target on Valvoline from $48.00 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $46.25.

Insider Buying and Selling

In related news, Director Charles M. Sonsteby purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the transaction, the director now owns 26,437 shares in the company, valued at approximately $1,044,261.50. The trade was a 60.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lori Ann Flees acquired 2,500 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the completion of the transaction, the chief executive officer now owns 38,428 shares of the company's stock, valued at approximately $1,523,285.92. This trade represents 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 currently 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.