Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Valvoline (NYSE:VVV – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,354 shares of the basic materials company’s stock, valued at approximately $587,000.
Several other large investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its holdings in shares of Valvoline by 3.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,419 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 262 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Valvoline by 1.0% in the second quarter. Orion Porfolio Solutions LLC now owns 28,510 shares of the basic materials company’s stock valued at $1,080,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC lifted its stake in Valvoline by 14.9% in the third quarter. GAMMA Investing LLC now owns 2,348 shares of the basic materials company’s stock valued at $84,000 after buying an additional 304 shares during the last quarter. L. Roy Papp & Associates LLP boosted its holdings in shares of Valvoline by 2.0% in the second quarter. L. Roy Papp & Associates LLP now owns 18,440 shares of the basic materials company’s stock valued at $698,000 after acquiring an additional 360 shares during the period. Finally, Ethic Inc. grew its position in shares of Valvoline by 2.6% during the third quarter. Ethic Inc. now owns 15,683 shares of the basic materials company’s stock worth $563,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.
Valvoline Stock Up 0.6%
Shares of NYSE:VVV opened at $32.75 on Friday. Valvoline has a fifty-two week low of $28.50 and a fifty-two week high of $41.33. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 3.10. The firm’s 50-day simple moving average is $30.98 and its 200-day simple moving average is $34.31. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 19.97 and a beta of 1.18.
Insider Buying and Selling
In other Valvoline news, CEO Lori Ann Flees acquired 4,500 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average price of $30.82 per share, with a total value of $138,690.00. Following the completion of the acquisition, the chief executive officer directly owned 69,267 shares of the company’s stock, valued at approximately $2,134,808.94. The trade was a 6.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Julie Marie O’daniel sold 3,200 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $31.88, for a total value of $102,016.00. Following the completion of the sale, the insider directly owned 17,251 shares of the company’s stock, valued at approximately $549,961.88. This trade represents a 15.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.66% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on VVV. Mizuho cut their target price on shares of Valvoline from $43.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Citigroup dropped their price objective on shares of Valvoline from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Zacks Research upgraded shares of Valvoline from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Valvoline in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on Valvoline from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.81.
Read Our Latest Research Report on VVV
Valvoline Company Profile
Valvoline (NYSE: VVV) is a leading global producer and distributor of automotive and industrial lubricants. The company’s portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline’s products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.
In addition to its core lubricant business, Valvoline operates one of North America’s largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).
Featured Articles
- Five stocks we like better than Valvoline
- Stock market legend warns: “An Ominous Day Is Coming for the Markets…”
- Another reason you need to own gold… [running out]
- Trump’s Final Shocking Act Begins February 24
- NEW: Gold makes history
- Deutsche Bank Just Raised Their Gold Target to $6,000
Want to see what other hedge funds are holding VVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valvoline (NYSE:VVV – Free Report).
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.
