Mutual of America Capital Management LLC Grows Stock Position in Valvoline Inc. (NYSE:VVV)

Mutual of America Capital Management LLC increased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,225 shares of the basic materials company's stock after buying an additional 19,107 shares during the quarter. Mutual of America Capital Management LLC owned 0.13% of Valvoline worth $6,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock valued at $32,000 after buying an additional 267 shares during the period. UMB Bank n.a. lifted its holdings in shares of 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 period. State of New Jersey Common Pension Fund D increased its stake in shares of Valvoline by 0.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company's stock valued at $1,992,000 after purchasing an additional 313 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of Valvoline by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 359 shares in the last quarter. Finally, Park Place Capital Corp increased its stake in shares of Valvoline by 29.3% in the 3rd quarter. Park Place Capital Corp now owns 1,608 shares of the basic materials company's stock valued at $67,000 after purchasing an additional 364 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Valvoline Price Performance

Shares of VVV stock traded up $0.18 during trading hours on Wednesday, reaching $38.83. The company had a trading volume of 831,904 shares, compared to its average volume of 1,189,837. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. The stock has a fifty day moving average of $41.43 and a 200-day moving average of $41.99. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 31.82 and a beta of 1.46. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26.

Valvoline declared that its board has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on VVV. Mizuho cut their price target on Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday. 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. Royal Bank of Canada cut their price target on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday. Wells Fargo & Company cut their price objective on Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Robert W. Baird cut their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $46.25.

About Valvoline

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.