Intech Investment Management LLC Lowers Stake in Valvoline Inc. (NYSE:VVV)

Intech Investment Management LLC lessened its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,830 shares of the basic materials company's stock after selling 16,484 shares during the quarter. Intech Investment Management LLC's holdings in Valvoline were worth $1,081,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tidal Investments LLC boosted its stake in shares of Valvoline by 97.6% in the 1st quarter. Tidal Investments LLC now owns 29,843 shares of the basic materials company's stock valued at $1,330,000 after purchasing an additional 14,739 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Valvoline by 28.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company's stock worth $5,453,000 after buying an additional 28,254 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Valvoline by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company's stock valued at $48,857,000 after acquiring an additional 68,340 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Valvoline by 8.1% during the 3rd quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company's stock valued at $17,702,000 after acquiring an additional 31,661 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in Valvoline by 22.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 139,352 shares of the basic materials company's stock valued at $6,020,000 after acquiring an additional 25,885 shares during the period. Institutional investors own 96.13% of the company's stock.

Insider Activity

In related news, Director Charles M. Sonsteby bought 10,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on VVV shares. Robert W. Baird lowered their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Baird R W upgraded shares of Valvoline to a "strong-buy" rating in a report on Thursday, August 15th. Stephens assumed coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target on the stock. Morgan Stanley lowered their price objective 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. Finally, Mizuho cut their target price on Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $46.25.

Valvoline Trading Up 3.4 %

Shares of VVV traded up $1.31 during trading hours on Thursday, reaching $40.10. 1,315,889 shares of the company traded hands, compared to its average volume of 1,357,473. The company's fifty day moving average price is $41.21 and its two-hundred day moving average price is $41.82. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 24.75 and a beta of 1.46. 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 12 month low of $33.86 and a 12 month high of $48.26.

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.