Charles Schwab Investment Management Inc. Buys 19,877 Shares of Valvoline Inc. (NYSE:VVV)

Charles Schwab Investment Management Inc. boosted its stake in shares of Valvoline Inc. (NYSE:VVV) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625,842 shares of the basic materials company’s stock after acquiring an additional 19,877 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of Valvoline worth $68,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. increased its position in shares of Valvoline by 39.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 47,972 shares of the basic materials company’s stock worth $2,008,000 after purchasing an additional 13,581 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in Valvoline during the third quarter worth about $2,511,000. Hilton Capital Management LLC increased its holdings in shares of Valvoline by 13.8% during the third quarter. Hilton Capital Management LLC now owns 44,158 shares of the basic materials company’s stock worth $1,848,000 after buying an additional 5,361 shares in the last quarter. Commerce Bank raised its stake in shares of Valvoline by 1.8% in the third quarter. Commerce Bank now owns 1,232,013 shares of the basic materials company’s stock valued at $51,560,000 after acquiring an additional 21,369 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Valvoline in the 3rd quarter worth approximately $41,000. 96.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VVV has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Baird R W upgraded Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Stephens assumed coverage on shares of Valvoline in a research report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reduced their target price on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Valvoline currently has a consensus rating of “Buy” and a consensus target price of $46.25.

Valvoline Stock Up 3.4 %

Shares of NYSE VVV opened at $40.10 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $5.15 billion, a PE ratio of 24.75 and a beta of 1.46. The firm’s 50-day moving average is $41.21 and its 200-day moving average is $41.82. 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 related news, Director Charles M. Sonsteby bought 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now owns 26,437 shares of the company’s stock, valued at $1,044,261.50. This represents a 60.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.