B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Valvoline Inc. (NYSE:VVV)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Valvoline Inc. (NYSE:VVV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 110,591 shares of the basic materials company’s stock, valued at approximately $4,628,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VVV. UMB Bank n.a. increased its holdings in shares of Valvoline by 92.1% during the third 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. increased its stake in Valvoline by 57.9% during the 2nd 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 period. Ashton Thomas Private Wealth LLC acquired a new position in Valvoline in the 2nd quarter valued at $34,000. Mather Group LLC. raised 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Valvoline by 46.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Stock Performance

NYSE VVV opened at $38.66 on Wednesday. The firm’s fifty day moving average price is $41.44 and its two-hundred day moving average price is $42.03. The stock has a market cap of $4.98 billion, a PE ratio of 31.43 and a beta of 1.46. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26.

Valvoline declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

VVV has been the topic of a number of recent analyst reports. Stephens assumed coverage on Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target on the stock. Royal Bank of Canada decreased their target price on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Robert W. Baird began coverage on shares of Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $47.75.

Valvoline Company 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.