Algert Global LLC Acquires 50,980 Shares of Valvoline Inc. (NYSE:VVV)

Algert Global LLC raised its stake in shares of Valvoline Inc. (NYSE:VVV) by 83.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 112,185 shares of the basic materials company’s stock after purchasing an additional 50,980 shares during the quarter. Algert Global LLC’s holdings in Valvoline were worth $4,695,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Congress Asset Management Co. raised its holdings in shares of Valvoline by 2.8% during 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 purchasing an additional 100,305 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Valvoline by 3.6% during the second 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 last quarter. Sculptor Capital LP lifted its holdings in Valvoline by 187.6% in the second 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. Charles Schwab Investment Management Inc. boosted its position in Valvoline by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,625,842 shares of the basic materials company’s stock worth $68,041,000 after purchasing an additional 19,877 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Valvoline by 1.8% during the 3rd quarter. Commerce Bank now owns 1,232,013 shares of the basic materials company’s stock valued at $51,560,000 after purchasing an additional 21,369 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Trading Up 0.0 %

Shares of VVV stock opened at $38.57 on Monday. 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 stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 23.81 and a beta of 1.46. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26. The stock’s 50-day moving average price is $41.33 and its 200-day moving average price is $41.89.

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

Analyst Ratings Changes

VVV has been the topic of several analyst 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 on the stock. Morgan Stanley cut their price target on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Robert W. Baird decreased their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Finally, Wells Fargo & Company decreased their price objective 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. One investment analyst has 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 MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $46.25.

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.