Oddo BHF Asset Management Sas Invests $2.55 Million in Valvoline Inc. (NYSE:VVV)

Oddo BHF Asset Management Sas acquired a new position in Valvoline Inc. (NYSE:VVV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 61,035 shares of the basic materials company’s stock, valued at approximately $2,554,000.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Valvoline during the second quarter valued at approximately $128,000. Sequoia Financial Advisors LLC boosted its position in Valvoline by 53.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,294 shares of the basic materials company’s stock worth $401,000 after acquiring an additional 3,219 shares during the period. Blue Trust Inc. grew its stake in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Valvoline by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company’s stock valued at $48,857,000 after purchasing an additional 68,340 shares during the period. Finally, Leeward Investments LLC MA raised its stake in shares of Valvoline by 0.8% during the second quarter. Leeward Investments LLC MA now owns 670,717 shares of the basic materials company’s stock valued at $28,975,000 after purchasing an additional 5,178 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Performance

Valvoline stock opened at $38.36 on Friday. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. The company has a market cap of $4.92 billion, a P/E ratio of 23.68 and a beta of 1.43. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The firm’s 50 day simple moving average is $40.70 and its 200-day simple moving average is $41.65.

Insiders Place Their Bets

In related news, Director Charles M. Sonsteby acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the transaction, the director now owns 26,437 shares of the company’s stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lori Ann Flees bought 2,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $39.64 per share, with a total value of $99,100.00. Following the transaction, the chief executive officer now owns 38,428 shares in the company, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the subject of a number of recent analyst reports. Stephens began coverage on shares of Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price for the company. Wells Fargo & Company lowered their price objective 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. Morgan Stanley cut their target price on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Mizuho lowered their price target on Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Finally, Robert W. Baird dropped their target price on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. One 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 data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $46.25.

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.