Whalerock Point Partners LLC acquired a new stake in shares of Valvoline Inc (NYSE:VVV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,687 shares of the basic materials company’s stock, valued at approximately $569,000.
Several other hedge funds and other institutional investors also recently modified their holdings of VVV. Chicago Partners Investment Group LLC lifted its holdings in shares of Valvoline by 600.2% during the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 5,486 shares during the period. Macquarie Group Ltd. bought a new position in shares of Valvoline during the second quarter valued at $183,000. First Allied Advisory Services Inc. bought a new position in shares of Valvoline during the second quarter valued at $201,000. Leavell Investment Management Inc. bought a new position in shares of Valvoline during the fourth quarter valued at $206,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Valvoline in the second quarter valued at $218,000. 92.43% of the stock is owned by institutional investors.
Shares of Valvoline Inc (VVV) traded down $0.29 during trading hours on Tuesday, hitting $24.94. The stock had a trading volume of 606,000 shares, compared to its average volume of 1,258,044. Valvoline Inc has a 52 week low of $20.99 and a 52 week high of $25.63. The firm has a market capitalization of $5,050.00 and a price-to-earnings ratio of 16.74. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Morgan Stanley raised their target price on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Longbow Research raised their target price on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Seaport Global Securities lowered Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, November 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.88.
In related news, insider Anthony R. Puckett sold 4,294 shares of Valvoline stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of Valvoline stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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