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

PNC Financial Services Group Inc. reduced its stake in shares of Valvoline Inc. (NYSE:VVV) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,865 shares of the basic materials company’s stock after selling 1,570 shares during the period. PNC Financial Services Group Inc.’s holdings in Valvoline were worth $915,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings 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 buying an additional 302 shares in the last quarter. Blue Trust Inc. increased 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 worth $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline in the second quarter worth about $34,000. Mather Group LLC. increased its stake in shares of Valvoline by 1,617.0% in the second 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 period. Finally, GAMMA Investing LLC increased 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 worth $61,000 after purchasing an additional 465 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Up 3.4 %

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 stock’s 50 day moving average is $41.21 and its two-hundred day moving average is $41.82. The company 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 1-year low of $33.86 and a 1-year high of $48.26.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VVV. Royal Bank of Canada dropped their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley dropped their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Baird R W raised Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Stephens began coverage on Valvoline in a research report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 target price on the stock. Finally, Mizuho decreased their target price on Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valvoline currently has a consensus rating of “Buy” and an average price target of $46.25.

Insider Buying and Selling at Valvoline

In related news, Director Charles M. Sonsteby acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the acquisition, the director now owns 26,437 shares of the company’s stock, valued at $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.