Edgestream Partners L.P. Purchases Shares of 176,433 Valvoline Inc. (NYSE:VVV)

Edgestream Partners L.P. acquired a new position in Valvoline Inc. (NYSE:VVV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 176,433 shares of the basic materials company’s stock, valued at approximately $7,384,000. Edgestream Partners L.P. owned about 0.14% of Valvoline as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VVV. Blue Trust Inc. boosted its stake in Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. MAI Capital Management boosted its position in shares of Valvoline by 2.4% in the 3rd quarter. MAI Capital Management now owns 11,624 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 268 shares in the last quarter. UMB Bank n.a. boosted its position 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 worth $26,000 after purchasing an additional 302 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Valvoline by 0.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company’s stock worth $1,992,000 after buying an additional 313 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Valvoline by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Morgan Stanley lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research note 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. Baird R W raised Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Mizuho cut their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $46.25.

Valvoline Price Performance

Shares of VVV opened at $39.71 on Friday. The business’s 50-day moving average is $41.18 and its two-hundred day moving average is $41.81. The company has a market capitalization of $5.10 billion, a P/E ratio of 24.51 and a beta of 1.46. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

Insider Transactions at Valvoline

In other news, Director Charles M. Sonsteby bought 10,000 shares of the business’s stock in a transaction dated 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 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.34% of the company’s stock.

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.