Barclays PLC Acquires 18,414 Shares of Valvoline Inc. (NYSE:VVV)

Barclays PLC raised its holdings in Valvoline Inc. (NYSE:VVV) by 52.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,580 shares of the basic materials company’s stock after purchasing an additional 18,414 shares during the quarter. Barclays PLC’s holdings in Valvoline were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of Valvoline by 16.8% in the 3rd 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. State Street Corp raised its position in Valvoline by 0.4% in the third quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after acquiring an additional 16,916 shares during the period. Congress Asset Management Co. boosted its stake in Valvoline by 2.8% in the third quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock valued at $153,032,000 after acquiring an additional 100,305 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Valvoline by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock valued at $117,534,000 after acquiring an additional 94,673 shares during the period. Finally, Sculptor Capital LP grew its position in shares of Valvoline by 187.6% during the 2nd quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after acquiring an additional 1,226,000 shares during the period. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Performance

Valvoline stock opened at $36.82 on Thursday. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $4.72 billion, a PE ratio of 22.73 and a beta of 1.43. The firm’s 50 day simple moving average is $40.12 and its 200 day simple moving average is $41.47.

Insider Activity

In related news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares in the company, valued at $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lori Ann Flees purchased 2,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VVV shares. Morgan Stanley dropped their price objective 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 target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Stifel Nicolaus initiated coverage on Valvoline in a report on Friday, December 20th. They issued a “hold” rating and a $42.00 price objective for the company. Stephens started coverage on shares of Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective on the stock. Finally, Mizuho reduced 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. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.78.

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.