Natixis Advisors LLC Buys 31,661 Shares of Valvoline Inc. (NYSE:VVV)

Natixis Advisors LLC increased its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 422,989 shares of the basic materials company's stock after acquiring an additional 31,661 shares during the period. Natixis Advisors LLC owned about 0.33% of Valvoline worth $17,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VVV. UMB Bank n.a. boosted 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 purchasing an additional 302 shares in the last quarter. Blue Trust Inc. grew its position in 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 during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Valvoline in the second quarter valued at about $34,000. Mather Group LLC. raised its stake in Valvoline by 1,617.0% during the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock worth $36,000 after acquiring an additional 760 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock worth $61,000 after acquiring an additional 465 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

VVV has been the topic of several research reports. 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 report on Wednesday. Baird R W raised shares of Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Royal Bank of Canada dropped 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. Stephens assumed coverage on Valvoline in a research report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price objective on the stock. Finally, Morgan Stanley dropped their target price on Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday. One investment 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's stock. Based on data from MarketBeat.com, Valvoline currently has a consensus rating of "Buy" and a consensus target price of $46.25.

Valvoline Trading Up 0.4 %

NYSE VVV traded up $0.16 during trading hours on Wednesday, hitting $38.81. 632,775 shares of the company's stock were exchanged, compared to its average volume of 1,188,952. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 31.82 and a beta of 1.46. The stock has a 50-day simple moving average of $41.43 and a 200 day simple moving average of $41.99. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26.

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

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.