Morgan Stanley reaffirmed their equal weight rating on shares of Valvoline (NYSE:VVV – Free Report) in a research report released on Tuesday, MarketBeat.com reports. They currently have a $38.00 price target on the basic materials company’s stock, down from their previous price target of $42.00.
A number of other research firms also recently issued reports on VVV. Robert W. Baird dropped their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Mizuho cut their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Stifel Nicolaus initiated coverage on Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 price objective on the stock. Wells Fargo & Company dropped their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reduced their price target 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.89.
Read Our Latest Research Report on Valvoline
Valvoline Trading Up 0.7 %
Insider Transactions at Valvoline
In other Valvoline news, CEO Lori Ann Flees acquired 2,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the acquisition, the chief executive officer now owns 38,428 shares in the company, valued at $1,523,285.92. This represents a 6.96 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the purchase, the director now directly owns 26,437 shares of the company’s stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.
Institutional Trading of Valvoline
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in Valvoline by 92.1% during the 3rd 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 during the period. Prospera Private Wealth LLC purchased a new position in shares of Valvoline during the third quarter valued at about $41,000. ORG Partners LLC increased its position in shares of Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after buying an additional 1,050 shares during the period. Blue Trust Inc. raised its stake in Valvoline by 83.0% in the third quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock worth $58,000 after buying an additional 604 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 buying an additional 465 shares during the period. Hedge funds and other institutional investors own 96.13% 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.
Read More
- Five stocks we like better than Valvoline
- Comparing and Trading High PE Ratio Stocks
- SAP’s Strong Momentum: A Bullish Setup for Investors
- How to Use Stock Screeners to Find Stocks
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.