Valvoline Inc. (NYSE:VVV) Shares Purchased by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of Valvoline Inc. (NYSE:VVV) by 110.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 41,711 shares of the basic materials company’s stock after acquiring an additional 21,907 shares during the quarter. Quest Partners LLC’s holdings in Valvoline were worth $1,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Congress Asset Management Co. lifted its holdings in Valvoline by 2.8% in the third quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock worth $153,032,000 after purchasing an additional 100,305 shares during the period. Dimensional Fund Advisors LP lifted 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 worth $117,534,000 after acquiring an additional 94,673 shares during the period. Sculptor Capital LP boosted its holdings in shares of 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Valvoline by 8.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,227,535 shares of the basic materials company’s stock valued at $51,371,000 after acquiring an additional 96,615 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in Valvoline by 30.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 828,403 shares of the basic materials company’s stock worth $35,787,000 after purchasing an additional 191,504 shares during the period. Institutional investors own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VVV shares. Royal Bank of Canada dropped their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Stephens assumed coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Robert W. Baird began coverage on shares of Valvoline in a research report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $47.75.

Valvoline Stock Up 0.0 %

VVV stock opened at $42.33 on Tuesday. The company has a debt-to-equity ratio of 10.57, a current ratio of 0.73 and a quick ratio of 0.62. The firm has a market capitalization of $5.46 billion, a P/E ratio of 34.41 and a beta of 1.46. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The company’s 50 day simple moving average is $41.37 and its 200-day simple moving average is $42.03.

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

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.