Orion Portfolio Solutions LLC increased its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 190.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,714 shares of the basic materials company's stock after acquiring an additional 16,206 shares during the period. Orion Portfolio Solutions LLC's holdings in Valvoline were worth $1,034,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VVV. SG Americas Securities LLC purchased a new position in Valvoline in the 2nd quarter valued at approximately $128,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 267 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Valvoline during the 2nd quarter worth $213,000. Capital Insight Partners LLC increased its holdings in Valvoline by 1.7% during the 2nd quarter. Capital Insight Partners LLC now owns 87,311 shares of the basic materials company's stock worth $3,772,000 after purchasing an additional 1,460 shares during the period. Finally, F M Investments LLC acquired a new stake in Valvoline in the 2nd quarter valued at about $11,992,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
Valvoline Stock Performance
VVV traded down $0.66 on Monday, reaching $37.70. The company had a trading volume of 1,298,013 shares, compared to its average volume of 1,227,545. 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 1 year low of $33.86 and a 1 year high of $48.26. The stock has a market capitalization of $4.84 billion, a PE ratio of 23.27 and a beta of 1.43. The stock has a 50-day moving average price of $40.59 and a 200-day moving average price of $41.64.
Insider Transactions at Valvoline
In other 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 directly owns 14,956 shares of the company's stock, valued at $598,240. The trade was 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, CEO Lori Ann Flees purchased 2,500 shares of Valvoline stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $39.64 per share, with a total value of $99,100.00. Following the transaction, the chief executive officer now owns 38,428 shares in the company, valued at $1,523,285.92. The trade was a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on VVV. Stephens assumed coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price on the stock. Royal Bank of Canada reduced their price objective on shares of Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Mizuho decreased their price objective on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. 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. Finally, Morgan Stanley cut their price target on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $46.25.
View Our Latest Report on Valvoline
Valvoline Profile
(
Free Report)
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.
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