Mawer Investment Management Ltd. lifted its position in Valvoline Inc. (NYSE:VVV - Free Report) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,989 shares of the basic materials company's stock after purchasing an additional 13,662 shares during the quarter. Mawer Investment Management Ltd. owned 0.34% of Valvoline worth $18,330,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in Valvoline by 92.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 302 shares during the period. Blue Trust Inc. raised its holdings in Valvoline by 57.9% during the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock valued at $32,000 after buying an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Valvoline during the 2nd quarter valued at $34,000. Mather Group LLC. grew its holdings in Valvoline by 1,617.0% in 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 465 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on VVV. Stephens began coverage on shares of Valvoline in a report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 target price for the company. Wells Fargo & Company decreased their target price on Valvoline from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Baird R W raised shares of Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Robert W. Baird assumed coverage on Valvoline in a research report on Thursday, August 15th. They set an "outperform" rating and a $48.00 price objective on the stock. Finally, Royal Bank of Canada decreased their target price on Valvoline from $54.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $47.75.
Check Out Our Latest Report on VVV
Valvoline Stock Up 0.0 %
Shares of NYSE:VVV traded up $0.01 on Monday, hitting $42.33. 2,180,501 shares of the company traded hands, compared to its average volume of 1,177,825. The stock has a 50 day simple moving average of $41.37 and a 200-day simple moving average of $42.03. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57. The company has a market cap of $5.46 billion, a PE ratio of 34.41 and a beta of 1.46. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26.
Valvoline declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
About Valvoline
(
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.
Recommended Stories
Before you consider Valvoline, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valvoline wasn't on the list.
While Valvoline currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
