Townsquare Capital LLC Acquires 7,047 Shares of Valvoline Inc. (NYSE:VVV)

Townsquare Capital LLC lifted its holdings in Valvoline Inc. (NYSE:VVV) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,292 shares of the basic materials company’s stock after acquiring an additional 7,047 shares during the period. Townsquare Capital LLC’s holdings in Valvoline were worth $4,699,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VVV. UMB Bank n.a. boosted its stake in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 302 shares during the period. Blue Trust Inc. boosted its position in shares of Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Valvoline during the second quarter valued at $34,000. Mather Group LLC. increased its holdings in Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 760 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Valvoline in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analyst Ratings Changes

VVV has been the subject of a number of research analyst reports. Mizuho cut their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Robert W. Baird cut their price target on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company lowered their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reduced their price target on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Valvoline has a consensus rating of “Buy” and an average price target of $46.25.

Insiders Place Their Bets

In other news, Director Charles M. Sonsteby acquired 10,000 shares of Valvoline stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of $39.50 per share, with a total value of $395,000.00. Following the transaction, the director now directly owns 26,437 shares of the company’s stock, valued at $1,044,261.50. This trade represents a 60.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.34% of the stock is owned by insiders.

Valvoline Stock Performance

NYSE VVV opened at $40.10 on Friday. The business’s 50 day moving average price is $41.21 and its 200-day moving average price is $41.82. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The company has a market cap of $5.15 billion, a P/E ratio of 24.75 and a beta of 1.46. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

Valvoline 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.