Valvoline Inc. (NYSE:VVV) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in Valvoline Inc. (NYSE:VVV) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 161,225 shares of the basic materials company’s stock after acquiring an additional 19,107 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Valvoline were worth $6,747,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 302 shares in the last quarter. Blue Trust Inc. increased its position in Valvoline by 57.9% during the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Valvoline during the 2nd quarter worth approximately $34,000. Mather Group LLC. lifted its holdings in shares of Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock valued at $36,000 after buying an additional 760 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after buying an additional 465 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VVV shares. Baird R W upgraded Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada decreased their price objective on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. 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 for the company. Robert W. Baird assumed coverage on Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. One 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 stock. According to data from MarketBeat.com, Valvoline has an average rating of “Buy” and a consensus price target of $47.75.

Valvoline Trading Down 8.7 %

Shares of VVV opened at $38.66 on Wednesday. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26. 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 50 day simple moving average of $41.44 and a 200-day simple moving average of $42.03. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 31.43 and a beta of 1.46.

Valvoline announced that its board has approved a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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.