Tensile Capital Management LP cut its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,875,179 shares of the basic materials company's stock after selling 58,272 shares during the quarter. Valvoline makes up approximately 8.5% of Tensile Capital Management LP's portfolio, making the stock its 4th biggest position. Tensile Capital Management LP owned 1.46% of Valvoline worth $78,476,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in Valvoline by 0.4% during the third quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock valued at $171,436,000 after acquiring an additional 16,916 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Valvoline by 21.1% in the 3rd 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 during the period. Quantinno Capital Management LP boosted its position in shares of Valvoline by 23.7% during 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 purchasing an additional 4,639 shares in the last quarter. Redwood Investment Management LLC grew its stake in Valvoline by 4.2% during the third quarter. Redwood Investment Management LLC now owns 33,557 shares of the basic materials company's stock worth $1,404,000 after purchasing an additional 1,338 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Valvoline in the third quarter worth approximately $1,317,000. Institutional investors own 96.13% of the company's stock.
Valvoline Stock Down 1.1 %
Shares of NYSE VVV traded down $0.40 during trading on Friday, hitting $37.65. The stock had a trading volume of 511,585 shares, compared to its average volume of 1,204,881. The firm has a fifty day moving average of $40.94 and a two-hundred day moving average of $41.72. The company has a market capitalization of $4.83 billion, a PE ratio of 23.48 and a beta of 1.43. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. Valvoline Inc. has a 12 month low of $33.86 and a 12 month high of $48.26.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Mizuho cut their price target on Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Baird R W raised shares of Valvoline to a "strong-buy" rating in a research report on Thursday, August 15th. Stephens started coverage on Valvoline in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price for the company. Morgan Stanley cut their price target on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Finally, Royal Bank of Canada decreased their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $46.25.
Read Our Latest Stock Report on VVV
Insiders Place Their Bets
In other Valvoline news, CEO Lori Ann Flees acquired 2,500 shares of Valvoline stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares of the company's stock, valued at $1,523,285.92. This trade represents a 6.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles M. Sonsteby bought 10,000 shares of the stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the purchase, the director now directly 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 disclosure for this purchase can be found here. 1.34% of the stock is currently owned by insiders.
Valvoline Profile
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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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