Quantbot Technologies LP Takes $3.05 Million Position in Valvoline Inc. (NYSE:VVV)

Quantbot Technologies LP purchased a new stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 72,750 shares of the basic materials company's stock, valued at approximately $3,045,000. Quantbot Technologies LP owned approximately 0.06% of Valvoline at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Valvoline by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 554,316 shares of the basic materials company's stock worth $24,707,000 after purchasing an additional 34,467 shares during the last quarter. Tidal Investments LLC boosted its stake in Valvoline by 97.6% during the 1st quarter. Tidal Investments LLC now owns 29,843 shares of the basic materials company's stock valued at $1,330,000 after acquiring an additional 14,739 shares during the last quarter. Virtu Financial LLC bought a new position in Valvoline during the 1st quarter valued at $259,000. Atria Investments Inc acquired a new position in Valvoline during the 1st quarter worth $1,048,000. Finally, Mather Group LLC. grew its holdings in Valvoline by 1,617.0% during the 2nd 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. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of NYSE VVV traded up $1.31 during mid-day trading on Thursday, hitting $40.10. The company had a trading volume of 1,315,889 shares, compared to its average volume of 1,357,473. Valvoline Inc. has a 12 month low of $33.86 and a 12 month high of $48.26. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 24.75 and a beta of 1.46. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. The firm's 50 day simple moving average is $41.21 and its two-hundred day simple moving average is $41.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their target price 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. Robert W. Baird cut their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley reduced their target price on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Stephens started coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target for the company. Finally, Wells Fargo & Company reduced their price objective on Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. One 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 stock. According to data from MarketBeat.com, Valvoline currently has a consensus rating of "Buy" and a consensus target price of $46.25.

Insider Buying and Selling at Valvoline

In other news, Director Charles M. Sonsteby bought 10,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the transaction, the director now owns 26,437 shares in the company, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.34% of the stock is currently owned by company 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.