974 Shares in Valvoline Inc. (NYSE:VVV) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC acquired a new stake in shares of Valvoline Inc. (NYSE:VVV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 974 shares of the basic materials company’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. raised its position 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 worth $153,032,000 after acquiring an additional 100,305 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Valvoline by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock worth $117,534,000 after purchasing an additional 94,673 shares in the last quarter. Sculptor Capital LP grew its holdings in 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 buying an additional 1,226,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Valvoline by 8.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,227,535 shares of the basic materials company’s stock valued at $51,371,000 after buying an additional 96,615 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Valvoline by 30.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 828,403 shares of the basic materials company’s stock worth $35,787,000 after buying an additional 191,504 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VVV shares. Stephens initiated coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target on the stock. Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Robert W. Baird decreased their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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. 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. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $46.25.

Valvoline Price Performance

NYSE:VVV opened at $38.57 on Friday. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 23.81 and a beta of 1.46. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.62. The business has a 50 day simple moving average of $41.33 and a 200-day simple moving average of $41.91. Valvoline Inc. has a 1 year low of $33.86 and a 1 year high of $48.26.

Valvoline declared that its board has authorized a share buyback plan on Tuesday, July 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to buy up to 7.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.