Dynamic Technology Lab Private Ltd Makes New Investment in Valvoline Inc. (NYSE:VVV)

Dynamic Technology Lab Private Ltd bought a new stake in Valvoline Inc. (NYSE:VVV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,123 shares of the basic materials company’s stock, valued at approximately $1,596,000.

Other hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Valvoline by 5.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 101,282 shares of the basic materials company’s stock valued at $4,515,000 after buying an additional 5,002 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Valvoline by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 554,316 shares of the basic materials company’s stock valued at $24,707,000 after purchasing an additional 34,467 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Valvoline during the first quarter valued at approximately $309,000. Tidal Investments LLC boosted its position in shares of Valvoline by 97.6% in the 1st quarter. Tidal Investments LLC now owns 29,843 shares of the basic materials company’s stock worth $1,330,000 after purchasing an additional 14,739 shares in the last quarter. Finally, Vista Investment Partners LLC bought a new position in Valvoline during the 1st quarter valued at approximately $203,000. 96.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird dropped 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. Wells Fargo & Company dropped their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada dropped their target price on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Finally, Mizuho reduced their price target on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. One equities 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $46.25.

Valvoline Stock Performance

Shares of VVV stock opened at $39.50 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. The company has a 50 day moving average price of $41.31 and a 200-day moving average price of $41.87. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The firm has a market capitalization of $5.09 billion, a PE ratio of 24.38 and a beta of 1.46.

Valvoline announced that its board has approved a share repurchase program on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is 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.