PNC Financial Services Group Inc. Sells 1,570 Shares of Valvoline Inc. (NYSE:VVV)

PNC Financial Services Group Inc. lowered its position in Valvoline Inc. (NYSE:VVV) by 6.7% in the third quarter, HoldingsChannel.com reports. The fund owned 21,865 shares of the basic materials company’s stock after selling 1,570 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Valvoline were worth $915,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake 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 during the last quarter. Blue Trust Inc. raised 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 valued at $32,000 after acquiring an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Valvoline in the 2nd quarter worth approximately $34,000. Mather Group LLC. raised its position in Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 760 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Valvoline by 46.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Insider Buying and Selling at Valvoline

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

Analyst Ratings Changes

Several research firms recently weighed in on VVV. Morgan Stanley dropped 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. Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada dropped their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens began coverage on shares of Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valvoline has an average rating of “Buy” and an average target price of $46.25.

Valvoline Stock Performance

Shares of Valvoline stock opened at $40.10 on Friday. The firm has a fifty day moving average of $41.21 and a two-hundred day moving average of $41.82. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 24.75 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 has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

About Valvoline

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.