Valvoline Inc. (NYSE:VVV) Shares Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its position in shares of Valvoline Inc. (NYSE:VVV) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 437,989 shares of the basic materials company’s stock after buying an additional 13,662 shares during the quarter. Mawer Investment Management Ltd. owned about 0.34% of Valvoline worth $18,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VVV. UMB Bank n.a. raised its position in shares of Valvoline by 92.1% during the 3rd 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 during the period. Blue Trust Inc. grew its holdings in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after buying an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Valvoline in the 2nd quarter worth approximately $34,000. Mather Group LLC. grew its holdings in Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Valvoline by 46.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 465 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on VVV. Wells Fargo & Company reduced their target price on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Baird R W upgraded Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Stephens initiated coverage on Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective for the company. Robert W. Baird initiated coverage on Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.75.

Valvoline Trading Up 0.4 %

VVV traded up $0.19 during trading on Monday, reaching $42.51. 17,181 shares of the company’s stock were exchanged, compared to its average volume of 1,168,129. The company’s fifty day moving average price is $41.37 and its 200-day moving average price is $42.03. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The firm has a market capitalization of $5.48 billion, a PE ratio of 34.41 and a beta of 1.46.

Valvoline declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.