Pacer Advisors Inc. Has $695,000 Holdings in Valvoline Inc. (NYSE:VVV)

Pacer Advisors Inc. raised its position in Valvoline Inc. (NYSE:VVV) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,215 shares of the basic materials company’s stock after buying an additional 373 shares during the period. Pacer Advisors Inc.’s holdings in Valvoline were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VVV. MAI Capital Management lifted its position in shares of Valvoline by 2.4% during the third 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. lifted its position 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 in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Valvoline by 0.7% during the third 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 purchasing an additional 313 shares in the last quarter. Park Place Capital Corp raised its stake in shares of Valvoline by 29.3% during the third quarter. Park Place Capital Corp now owns 1,608 shares of the basic materials company’s stock worth $67,000 after buying an additional 364 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Valvoline by 46.5% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock worth $61,000 after buying an additional 465 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Valvoline

In other news, Director Charles M. Sonsteby purchased 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the purchase, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. The trade was a 60.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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 disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

VVV has been the subject of a number of recent research reports. Stephens initiated coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target for the company. Royal Bank of Canada dropped their price target 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. Robert W. Baird dropped their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 target price (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Valvoline has an average rating of “Moderate Buy” and a consensus price target of $44.89.

Valvoline Stock Down 1.4 %

Shares of VVV stock opened at $36.61 on Tuesday. The firm has a fifty day moving average of $37.20 and a 200-day moving average of $40.12. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 22.60 and a beta of 1.45.

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.