Valvoline Inc. (NYSE:VVV) Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA grew its position in Valvoline Inc. (NYSE:VVV) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 116,132 shares of the basic materials company’s stock after acquiring an additional 2,383 shares during the quarter. Everett Harris & Co. CA’s holdings in Valvoline were worth $4,202,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 302 shares during the period. Prospera Private Wealth LLC purchased a new position in Valvoline in the 3rd quarter worth approximately $41,000. ORG Partners LLC grew its position in Valvoline by 466.7% in the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,050 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Valvoline by 83.0% during the third quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 604 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VVV shares. Mizuho cut their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lowered their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Wells Fargo & Company decreased 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. Stephens began coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target on the stock. Finally, Morgan Stanley restated an “equal weight” rating and set a $38.00 price target (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.89.

Valvoline Stock Down 1.8 %

Shares of NYSE VVV opened at $37.07 on Friday. The stock has a market cap of $4.76 billion, a PE ratio of 22.88 and a beta of 1.45. The business has a fifty day moving average of $37.23 and a two-hundred day moving average of $40.28. 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 Inc. has a 52-week low of $33.86 and a 52-week high of $48.26.

Insider Buying and Selling at Valvoline

In related news, Director Charles M. Sonsteby acquired 10,000 shares of Valvoline stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the transaction, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. This trade represents a 60.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lori Ann Flees bought 2,500 shares of Valvoline stock in a transaction dated Wednesday, November 27th. The stock was acquired 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 owns 38,428 shares of the company’s stock, 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. Insiders own 0.66% of the company’s stock.

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.