Orion Portfolio Solutions LLC Raises Stock Holdings in Valvoline Inc. (NYSE:VVV)

Orion Portfolio Solutions LLC grew its holdings in Valvoline Inc. (NYSE:VVV) by 190.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,714 shares of the basic materials company’s stock after buying an additional 16,206 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Valvoline were worth $1,034,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wasatch Advisors LP grew its stake in Valvoline by 16.8% in the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock valued at $407,541,000 after acquiring an additional 1,398,310 shares during the period. State Street Corp grew its position in shares of Valvoline by 0.4% in the third quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock valued at $171,436,000 after purchasing an additional 16,916 shares during the period. Congress Asset Management Co. increased its stake in shares of Valvoline by 2.8% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Valvoline by 3.6% during 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 purchasing an additional 94,673 shares during the last quarter. Finally, Sculptor Capital LP lifted its stake in Valvoline by 187.6% in the 2nd quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after buying an additional 1,226,000 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Valvoline Trading Down 1.4 %

Shares of VVV stock opened at $38.36 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26. The company’s 50-day moving average price is $40.64 and its 200-day moving average price is $41.66. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 23.68 and a beta of 1.43.

Wall Street Analyst Weigh In

VVV has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Morgan Stanley reduced their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Stephens began coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 target price on the stock. Mizuho reduced their target price 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. Finally, Royal Bank of Canada decreased their price target on shares of Valvoline from $52.00 to $46.00 and set an “outperform” 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Valvoline presently has a consensus rating of “Buy” and a consensus price target of $46.25.

Insider Buying and Selling at Valvoline

In other news, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares in the company, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lori Ann Flees acquired 2,500 shares of Valvoline stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the completion of the acquisition, the chief executive officer now owns 38,428 shares in the company, valued at $1,523,285.92. This trade represents a 6.96 % increase in their position. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by company insiders.

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.