Point72 Asset Management L.P. Raises Stake in Valvoline Inc. (NYSE:VVV)

Point72 Asset Management L.P. lifted its stake in shares of Valvoline Inc. (NYSE:VVV) by 124.6% during the 3rd quarter, Holdings Channel reports. The fund owned 355,418 shares of the basic materials company’s stock after buying an additional 197,201 shares during the quarter. Point72 Asset Management L.P.’s holdings in Valvoline were worth $14,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Valvoline by 16.8% during the third quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock worth $407,541,000 after purchasing an additional 1,398,310 shares during the period. Sculptor Capital LP increased its stake in Valvoline by 187.6% during the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock worth $81,194,000 after acquiring an additional 1,226,000 shares during the last quarter. Geneva Capital Management LLC purchased a new stake in Valvoline in the third quarter valued at $32,670,000. Fiera Capital Corp acquired a new position in shares of Valvoline in the 3rd quarter valued at $25,538,000. Finally, F M Investments LLC purchased a new position in shares of Valvoline during the 2nd quarter worth $11,992,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analysts Set New Price Targets

VVV has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company cut their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Robert W. Baird cut their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Finally, Mizuho reduced their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $46.25.

Valvoline Trading Down 0.9 %

Shares of Valvoline stock opened at $37.69 on Friday. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26. The stock has a market cap of $4.84 billion, a PE ratio of 23.27 and a beta of 1.43. The company has a 50-day moving average of $40.86 and a two-hundred day moving average of $41.69. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77.

Insider Buying and Selling at Valvoline

In other news, CEO Lori Ann Flees acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $39.64 per share, with a total value of $99,100.00. Following the completion of the transaction, the chief executive officer now directly owns 38,428 shares in the company, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles M. Sonsteby purchased 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $39.50 per share, with a total value of $395,000.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.34% of the stock is owned by corporate insiders.

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.