Jane Street Group LLC Grows Stock Holdings in Valvoline Inc. (NYSE:VVV)

Jane Street Group LLC increased its stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 72.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,529 shares of the basic materials company's stock after buying an additional 41,245 shares during the quarter. Jane Street Group LLC owned about 0.08% of Valvoline worth $4,123,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock valued at $171,436,000 after buying an additional 16,916 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Valvoline by 21.1% in the third quarter. Stifel Financial Corp now owns 68,932 shares of the basic materials company's stock valued at $2,885,000 after acquiring 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 third quarter. Quantinno Capital Management LP now owns 24,203 shares of the basic materials company's stock valued at $1,013,000 after acquiring an additional 4,639 shares in the last quarter. Redwood Investment Management LLC increased its stake in shares of 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 acquiring an additional 1,338 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Valvoline during the third quarter worth about $1,317,000. Institutional investors and hedge funds own 96.13% of the company's stock.

Insider Buying and Selling at Valvoline

In related news, CEO Lori Ann Flees acquired 2,500 shares of Valvoline stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the completion of the transaction, the chief executive officer now directly owns 38,428 shares of the company's stock, valued at $1,523,285.92. The trade was a 6.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the sale, the chief technology officer now owns 14,956 shares of the company's stock, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on VVV. Wells Fargo & Company lowered their price objective on Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Mizuho decreased their price target on Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada cut their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price for the company. Finally, Robert W. Baird lowered their price target on shares of Valvoline from $48.00 to $46.00 and set an "outperform" 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 MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $46.25.

Valvoline Price Performance

Shares of VVV stock traded down $0.51 during mid-day trading on Thursday, reaching $36.27. The stock had a trading volume of 1,686,355 shares, compared to its average volume of 1,230,962. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26. 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 business has a 50-day simple moving average of $40.39 and a 200 day simple moving average of $41.55. The company has a market cap of $4.66 billion, a P/E ratio of 22.39 and a beta of 1.43.

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.