Tyro Capital Management LLC Has $14.49 Million Holdings in Valvoline Inc. (NYSE:VVV)

Tyro Capital Management LLC boosted its stake in shares of Valvoline Inc. (NYSE:VVV) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 346,228 shares of the basic materials company’s stock after acquiring an additional 2,100 shares during the period. Valvoline accounts for about 4.6% of Tyro Capital Management LLC’s portfolio, making the stock its 8th biggest position. Tyro Capital Management LLC owned about 0.27% of Valvoline worth $14,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of Valvoline by 16.8% during the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock worth $407,541,000 after acquiring an additional 1,398,310 shares in the last quarter. State Street Corp lifted its stake in Valvoline by 0.4% during the third quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after purchasing an additional 16,916 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Valvoline by 2.8% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $117,534,000 after purchasing an additional 94,673 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Valvoline by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock valued at $93,215,000 after purchasing an additional 54,545 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on VVV. Royal Bank of Canada dropped their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company lowered their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, Stephens began coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. 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’s stock. According to MarketBeat, Valvoline currently has a consensus rating of “Buy” and an average price target of $46.25.

Valvoline Price Performance

Shares of NYSE:VVV opened at $38.95 on Friday. The stock’s fifty day simple moving average is $40.73 and its two-hundred day simple moving average is $41.67. The stock has a market cap of $5.00 billion, a PE ratio of 24.00 and a beta of 1.43. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26.

Insider Buying and Selling at Valvoline

In other news, CEO Lori Ann Flees acquired 2,500 shares of Valvoline stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now owns 38,428 shares in the company, valued at approximately $1,523,285.92. This trade represents a 6.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares of the company’s stock, valued at $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

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.