Valvoline Inc. (NYSE:VVV) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Valvoline Inc. (NYSE:VVV) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,147 shares of the basic materials company’s stock after selling 1,130 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Valvoline were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Valvoline in the second quarter valued at about $128,000. Blue Trust Inc. boosted 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 during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Valvoline during the 2nd quarter worth approximately $213,000. Capital Insight Partners LLC lifted its position in shares of Valvoline by 1.7% in the second quarter. Capital Insight Partners LLC now owns 87,311 shares of the basic materials company’s stock valued at $3,772,000 after acquiring an additional 1,460 shares in the last quarter. Finally, F M Investments LLC acquired a new stake in shares of Valvoline in the second quarter worth approximately $11,992,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Transactions at Valvoline

In other news, Director Charles M. Sonsteby bought 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the transaction, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

VVV has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Mizuho decreased their price target on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird lowered their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered their target price on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have issued 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 a consensus target price of $46.25.

Valvoline Trading Down 1.7 %

Shares of Valvoline stock opened at $37.70 on Tuesday. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 23.27 and a beta of 1.43. The stock has a 50 day moving average of $40.59 and a 200 day moving average of $41.64.

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.