Gamco Investors INC. ET AL Purchases 37,750 Shares of Valvoline Inc. (VVV)
Gamco Investors INC. ET AL boosted its position in Valvoline Inc. (NYSE:VVV) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,229,092 shares of the basic materials company’s stock after purchasing an additional 37,750 shares during the quarter. Gamco Investors INC. ET AL owned about 1.10% of Valvoline worth $52,272,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VVV. Channing Capital Management LLC increased its stake in shares of Valvoline by 62.5% in the 3rd quarter. Channing Capital Management LLC now owns 458,438 shares of the basic materials company’s stock worth $10,750,000 after acquiring an additional 176,299 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Valvoline in the 3rd quarter worth $453,000. First Quadrant L P CA increased its stake in shares of Valvoline by 545.2% in the 3rd quarter. First Quadrant L P CA now owns 260,522 shares of the basic materials company’s stock worth $6,109,000 after acquiring an additional 220,142 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Valvoline by 201.1% during the 3rd quarter. APG Asset Management N.V. now owns 671,100 shares of the basic materials company’s stock worth $15,737,000 after purchasing an additional 448,242 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Valvoline during the 2nd quarter worth about $5,937,000. 92.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Valvoline Inc. (NYSE VVV) traded down $0.06 during trading on Tuesday, reaching $23.85. The company had a trading volume of 132,413 shares, compared to its average volume of 942,700. Valvoline Inc. has a 12 month low of $18.30 and a 12 month high of $24.98. The stock has a market cap of $4,830.00 and a PE ratio of 17.66. The company has a quick ratio of 1.09, a current ratio of 1.44 and a debt-to-equity ratio of -3.17.
A number of analysts recently issued reports on VVV shares. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co reissued a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.33.
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Valvoline Company Profile
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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