Lord Abbett & CO. LLC Has $21.65 Million Stake in Valvoline Inc. (NYSE:VVV)

Lord Abbett & CO. LLC decreased its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 43.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 517,309 shares of the basic materials company's stock after selling 399,474 shares during the period. Lord Abbett & CO. LLC owned about 0.40% of Valvoline worth $21,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VVV. UMB Bank n.a. grew its position in shares of 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 buying an additional 302 shares during the last quarter. Blue Trust Inc. lifted its stake in Valvoline by 57.9% in the second 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 bought a new stake in Valvoline in the second quarter valued at $34,000. Prospera Private Wealth LLC acquired a new position in shares of Valvoline during the third quarter valued at $41,000. Finally, GAMMA Investing LLC grew its position in shares of Valvoline by 46.5% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock worth $61,000 after acquiring an additional 465 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Valvoline

In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares in the company, valued at $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles M. Sonsteby purchased 10,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the acquisition, the director now directly owns 26,437 shares of the company's stock, valued at $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. Company insiders own 1.34% of the company's stock.

Valvoline Price Performance

Shares of Valvoline stock traded down $0.66 during trading on Monday, hitting $37.70. The stock had a trading volume of 1,298,013 shares, compared to its average volume of 1,227,545. The business has a fifty day moving average of $40.64 and a two-hundred day moving average of $41.66. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The firm has a market cap of $4.84 billion, a P/E ratio of 23.68 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.

Analyst Ratings Changes

Several brokerages recently weighed in on VVV. 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 research report on Wednesday, November 20th. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price target on the stock. 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. Royal Bank of Canada cut their target price on Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Finally, Robert W. Baird decreased their price target on Valvoline from $48.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. One investment 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.