Wellington Management Group LLP Has $140 Million Holdings in Valvoline Inc. (NYSE:VVV)

Wellington Management Group LLP trimmed its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,345,331 shares of the basic materials company's stock after selling 483,490 shares during the period. Wellington Management Group LLP owned about 2.60% of Valvoline worth $140,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VVV. State Street Corp grew its holdings in shares of Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock worth $171,436,000 after purchasing an additional 16,916 shares during the last quarter. Stifel Financial Corp grew its stake in Valvoline by 21.1% during the third quarter. Stifel Financial Corp now owns 68,932 shares of the basic materials company's stock worth $2,885,000 after buying an additional 11,999 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Valvoline by 23.7% during the third quarter. Quantinno Capital Management LP now owns 24,203 shares of the basic materials company's stock worth $1,013,000 after buying an additional 4,639 shares in the last quarter. Redwood Investment Management LLC boosted its holdings in shares of Valvoline by 4.2% in the 3rd 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 in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Valvoline in the 3rd quarter worth approximately $1,317,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Valvoline news, CEO Lori Ann Flees acquired 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $39.64 per share, with a total value of $99,100.00. Following the purchase, the chief executive officer now owns 38,428 shares of the company's stock, valued at $1,523,285.92. This represents a 6.96 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles M. Sonsteby bought 10,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company's stock.

Valvoline Trading Up 0.9 %

Shares of NYSE:VVV traded up $0.37 during midday trading on Tuesday, hitting $39.43. The company had a trading volume of 3,207,557 shares, compared to its average volume of 1,221,901. The firm has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $41.69. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 24.34 and a beta of 1.43. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a 12 month low of $33.86 and a 12 month high of $48.26.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VVV shares. Wells Fargo & Company cut their price objective on Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Stephens began coverage on shares of Valvoline in a research report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price target on the stock. Morgan Stanley lowered their price objective 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. Mizuho reduced their target price 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. Finally, Baird R W raised shares of Valvoline to a "strong-buy" rating in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $46.25.

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.