Valvoline Inc. (NYSE:VVV) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in Valvoline Inc. (NYSE:VVV) by 212.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,983 shares of the basic materials company’s stock after acquiring an additional 108,020 shares during the period. Public Employees Retirement System of Ohio’s holdings in Valvoline were worth $6,653,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its stake in shares of Valvoline by 16.8% in the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock valued at $407,541,000 after purchasing an additional 1,398,310 shares in the last quarter. Sculptor Capital LP increased its holdings in Valvoline by 187.6% in the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after buying an additional 1,226,000 shares during the last quarter. Geneva Capital Management LLC acquired a new stake in Valvoline during the third quarter valued at approximately $32,670,000. Fiera Capital Corp bought a new position in Valvoline during the 3rd quarter worth approximately $25,538,000. Finally, F M Investments LLC acquired a new position in shares of Valvoline in the 2nd quarter worth approximately $11,992,000. 96.13% of the stock is currently owned by institutional investors.

Insider Transactions at Valvoline

In related news, Director Charles M. Sonsteby purchased 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the transaction, the director now owns 26,437 shares of the company’s stock, valued at $1,044,261.50. This represents a 60.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lori Ann Flees acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 38,428 shares of the company’s stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VVV shares. Morgan Stanley dropped their price target on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Robert W. Baird reduced their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Stephens assumed coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective on the stock. Finally, Mizuho decreased their target price on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. 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, the company presently has a consensus rating of “Buy” and a consensus target price of $46.25.

Valvoline Price Performance

NYSE VVV opened at $38.36 on Friday. The company has a 50-day moving average price of $40.70 and a two-hundred day moving average price of $41.65. 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 price-to-earnings ratio of 23.68 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 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.