Public Employees Retirement System of Ohio Acquires 108,020 Shares of Valvoline Inc. (NYSE:VVV)

Public Employees Retirement System of Ohio increased its holdings in Valvoline Inc. (NYSE:VVV - Free Report) by 212.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,983 shares of the basic materials company's stock after acquiring an additional 108,020 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.12% of Valvoline worth $6,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Valvoline in the second quarter worth about $128,000. Sequoia Financial Advisors LLC lifted its stake in shares of Valvoline by 53.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,294 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 3,219 shares during the period. Blue Trust Inc. lifted its stake in shares of Valvoline by 57.9% in the 2nd 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. Vaughan Nelson Investment Management L.P. boosted its position in shares of Valvoline by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company's stock valued at $48,857,000 after purchasing an additional 68,340 shares in the last quarter. Finally, Leeward Investments LLC MA grew its stake in Valvoline by 0.8% in the second quarter. Leeward Investments LLC MA now owns 670,717 shares of the basic materials company's stock worth $28,975,000 after purchasing an additional 5,178 shares during the period. Institutional investors own 96.13% of the company's stock.

Valvoline Stock Down 1.4 %

Shares of NYSE:VVV traded down $0.53 during trading on Friday, reaching $38.36. 1,331,787 shares of the stock traded hands, compared to its average volume of 1,741,993. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The stock has a market cap of $4.92 billion, a P/E ratio of 23.68 and a beta of 1.43. The stock has a 50-day moving average of $40.64 and a two-hundred day moving average of $41.64. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

Insider Transactions at Valvoline

In related news, CEO Lori Ann Flees bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the completion of the acquisition, the chief executive officer now owns 38,428 shares of the company's stock, valued at $1,523,285.92. This trade represents a 6.96 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction that occurred on 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 sale, the chief technology officer now directly 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. Company insiders own 1.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on VVV shares. Mizuho lowered their price objective on Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Morgan Stanley lowered their price target 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. Royal Bank of Canada dropped their price objective 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. Wells Fargo & Company decreased their target price on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Finally, Stephens assumed coverage on Valvoline in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target on the stock. One equities 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. According to MarketBeat.com, Valvoline presently has a consensus rating of "Buy" and a consensus price target of $46.25.

About Valvoline

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.