Valvoline Inc. (NYSE:VVV) Given Average Rating of “Buy” by Brokerages

Shares of Valvoline Inc. (NYSE:VVV) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.25.

Several equities research analysts recently commented on VVV shares. Wells Fargo & Company cut their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Robert W. Baird dropped their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Mizuho reduced their price target on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Finally, Morgan Stanley decreased their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th.

Insider Activity at Valvoline

In other Valvoline news, CEO Lori Ann Flees bought 2,500 shares of the business’s 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 purchase, the chief executive officer now owns 38,428 shares in the company, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles M. Sonsteby purchased 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the transaction, the director now owns 26,437 shares in the company, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The disclosure for this purchase can be found here. 1.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Valvoline

A number of large investors have recently bought and sold shares of the stock. Tyro Capital Management LLC lifted its holdings in Valvoline by 0.6% in the 3rd quarter. Tyro Capital Management LLC now owns 346,228 shares of the basic materials company’s stock worth $14,490,000 after buying an additional 2,100 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Valvoline during the third quarter worth about $2,554,000. Tidal Investments LLC lifted its stake in shares of Valvoline by 20.1% in the third quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company’s stock worth $2,275,000 after acquiring an additional 9,089 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Valvoline by 25.5% in the third quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Invst LLC grew its stake in Valvoline by 3.7% during the 3rd quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Stock Down 2.0 %

Shares of VVV opened at $38.88 on Friday. The stock has a 50 day moving average price of $40.73 and a 200 day moving average price of $41.67. Valvoline has a one year low of $33.86 and a one year 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. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 24.00 and a beta of 1.43.

About Valvoline

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.