GAMMA Investing LLC Sells 388 Shares of Valvoline Inc. (NYSE:VVV)

GAMMA Investing LLC lessened its holdings in Valvoline Inc. (NYSE:VVV) by 26.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,077 shares of the basic materials company’s stock after selling 388 shares during the period. GAMMA Investing LLC’s holdings in Valvoline were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in shares of 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 purchasing an additional 1,398,310 shares during the period. Sculptor Capital LP grew its holdings in Valvoline by 187.6% in 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 buying an additional 1,226,000 shares in the last quarter. Geneva Capital Management LLC acquired a new position in Valvoline in the 3rd quarter valued at $32,670,000. Fiera Capital Corp bought a new position in Valvoline during the 3rd quarter worth $25,538,000. Finally, Bank of Montreal Can lifted its holdings in shares of Valvoline by 438.7% during the third quarter. Bank of Montreal Can now owns 308,699 shares of the basic materials company’s stock worth $12,919,000 after buying an additional 251,398 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Buying and Selling at Valvoline

In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the sale, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lori Ann Flees purchased 2,500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 38,428 shares of the company’s stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

VVV has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price 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. Morgan Stanley lowered 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. Mizuho cut their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Robert W. Baird reduced their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Finally, Royal Bank of Canada dropped their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

Valvoline Price Performance

Valvoline stock opened at $35.77 on Wednesday. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The stock has a market capitalization of $4.59 billion, a P/E ratio of 22.08 and a beta of 1.45. The stock has a fifty day moving average of $38.42 and a 200-day moving average of $40.81.

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.