Valvoline Inc. (NYSE:VVV) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Valvoline Inc. (NYSE:VVV) by 23.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,203 shares of the basic materials company’s stock after acquiring an additional 4,639 shares during the quarter. Quantinno Capital Management LP’s holdings in Valvoline were worth $1,013,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 302 shares during the period. Blue Trust Inc. boosted its holdings in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $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 worth approximately $34,000. Prospera Private Wealth LLC acquired a new position in shares of Valvoline during the third quarter valued at approximately $41,000. Finally, GAMMA Investing LLC lifted 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 in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VVV. Royal Bank of Canada dropped their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Robert W. Baird reduced their target price on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens started 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 cut their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Mizuho lowered their target price on Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $46.25.

Valvoline Stock Performance

Valvoline stock opened at $38.36 on Friday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 23.70 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. The firm has a 50 day simple moving average of $40.70 and a 200-day simple moving average of $41.65. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26.

Insider Buying and Selling

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

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.