FORA Capital LLC Invests $688,000 in Valvoline Inc. (NYSE:VVV)

FORA Capital LLC acquired a new stake in shares of Valvoline Inc. (NYSE:VVV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,437 shares of the basic materials company’s stock, valued at approximately $688,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted 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 valued at $32,000 after acquiring an additional 267 shares in the last quarter. MAI Capital Management lifted its stake in shares of Valvoline by 2.4% during the 3rd quarter. MAI Capital Management now owns 11,624 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 268 shares during the last quarter. UMB Bank n.a. boosted its position in Valvoline by 92.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 302 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Valvoline by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company’s stock worth $1,992,000 after purchasing an additional 313 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Valvoline by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock valued at $272,000 after buying an additional 359 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Insider Transactions at Valvoline

In other Valvoline news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, with a total value of $395,000.00. Following the purchase, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. This represents a 60.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VVV. Royal Bank of Canada lowered their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. 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 note on Wednesday, November 20th. Robert W. Baird dropped their price objective 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. Mizuho reduced their target price on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $46.25.

Valvoline Stock Performance

NYSE VVV opened at $40.10 on Friday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 24.75 and a beta of 1.46. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The stock has a 50-day simple moving average of $41.21 and a two-hundred day simple moving average of $41.82. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

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.