Kestra Investment Management LLC Makes New Investment in Valvoline Inc. (NYSE:VVV)

Kestra Investment Management LLC acquired a new position in shares of Valvoline Inc. (NYSE:VVV) during the third quarter, HoldingsChannel reports. The firm acquired 9,866 shares of the basic materials company’s stock, valued at approximately $413,000.

Several other large investors also recently made changes to their positions in VVV. Maverick Capital Ltd. raised its holdings in shares of Valvoline by 93.3% in the 3rd quarter. Maverick Capital Ltd. now owns 80,456 shares of the basic materials company’s stock valued at $3,367,000 after purchasing an additional 38,844 shares during the period. Wasatch Advisors LP increased its position 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 buying an additional 1,398,310 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Valvoline in the third quarter valued at approximately $7,384,000. Isthmus Partners LLC acquired a new stake in shares of Valvoline in the third quarter valued at approximately $362,000. Finally, FORA Capital LLC acquired a new stake in shares of Valvoline in the third quarter valued at approximately $688,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Transactions at Valvoline

In related news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated 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 acquisition, the director now owns 26,437 shares in the company, valued at $1,044,261.50. This trade represents a 60.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lori Ann Flees purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $39.64 per share, with a total value of $99,100.00. Following the purchase, the chief executive officer now owns 38,428 shares of the company’s stock, valued at $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Wells Fargo & Company dropped their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Mizuho cut their target price on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Robert W. Baird decreased their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Finally, Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. One equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $46.25.

Valvoline Price Performance

Shares of Valvoline stock opened at $39.44 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 24.35 and a beta of 1.43. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26. The company has a 50-day simple moving average of $41.14 and a two-hundred day simple moving average of $41.78.

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.