Valvoline Inc. (NYSE:VVV) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,096,436 shares of the basic materials company's stock after buying an additional 16,916 shares during the quarter. State Street Corp owned approximately 3.18% of Valvoline worth $171,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp boosted its position in Valvoline by 21.1% during the third quarter. Stifel Financial Corp now owns 68,932 shares of the basic materials company's stock valued at $2,885,000 after purchasing an additional 11,999 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Valvoline by 23.7% in the 3rd quarter. Quantinno Capital Management LP now owns 24,203 shares of the basic materials company's stock valued at $1,013,000 after buying an additional 4,639 shares in the last quarter. Redwood Investment Management LLC grew its position in shares of Valvoline by 4.2% in the 3rd quarter. Redwood Investment Management LLC now owns 33,557 shares of the basic materials company's stock worth $1,404,000 after buying an additional 1,338 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Valvoline in the 3rd quarter worth approximately $1,317,000. Finally, Point72 Asset Management L.P. lifted its position in Valvoline by 124.6% during the third quarter. Point72 Asset Management L.P. now owns 355,418 shares of the basic materials company's stock valued at $14,874,000 after acquiring an additional 197,201 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Valvoline Stock Performance

Shares of VVV stock traded down $0.53 during trading hours 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 company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. The company has a 50 day moving average of $40.64 and a 200 day moving average of $41.64. 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 $4.92 billion, a PE ratio of 23.68 and a beta of 1.43.

Insider Buying and Selling at Valvoline

In other news, Director Charles M. Sonsteby acquired 10,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was bought 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 owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. This represents a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now owns 14,956 shares of the company's stock, valued at approximately $598,240. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VVV shares. Morgan Stanley decreased their price objective on Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Mizuho cut their price objective on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Robert W. Baird lowered their target price on shares of Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada cut their price target on shares of Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $46.25.

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.