Oddo BHF Asset Management Sas Makes New Investment in Valvoline Inc. (NYSE:VVV)

Oddo BHF Asset Management Sas purchased a new stake in Valvoline Inc. (NYSE:VVV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,035 shares of the basic materials company's stock, valued at approximately $2,554,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VVV. UMB Bank n.a. raised its stake in Valvoline by 92.1% during 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 during the period. Blue Trust Inc. raised its position in Valvoline by 57.9% during the second 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. Ashton Thomas Private Wealth LLC acquired a new position in Valvoline during the second quarter valued at $34,000. Prospera Private Wealth LLC purchased a new stake in Valvoline in the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC boosted its position in Valvoline by 46.5% during the 3rd 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 period. Institutional investors and hedge funds own 96.13% of the company's stock.

Valvoline Stock Down 1.4 %

Shares of VVV stock traded down $0.53 on Friday, hitting $38.36. The company's stock had a trading volume of 1,331,787 shares, compared to its average volume of 1,741,993. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.68 and a beta of 1.43. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The firm's fifty day moving average price is $40.64 and its 200-day moving average price is $41.64. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VVV shares. Robert W. Baird dropped their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Wells Fargo & Company dropped their price objective on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley cut their target price on shares of Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Mizuho dropped their price target on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Finally, Stephens began coverage on Valvoline in a research report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $46.25.

Insider Transactions at Valvoline

In related news, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares in the company, valued at $598,240. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles M. Sonsteby purchased 10,000 shares of the firm's stock in a transaction on 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 completion of the acquisition, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by corporate 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.