Pacer Advisors Inc. Has $695,000 Position in Valvoline Inc. (NYSE:VVV)

Pacer Advisors Inc. grew its stake in Valvoline Inc. (NYSE:VVV) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,215 shares of the basic materials company’s stock after purchasing an additional 373 shares during the period. Pacer Advisors Inc.’s holdings in Valvoline were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VVV. State Street Corp lifted its position in shares of Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after purchasing an additional 16,916 shares during the period. Natixis Advisors LLC increased its stake in shares of Valvoline by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock valued at $17,702,000 after acquiring an additional 31,661 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Valvoline during the 3rd quarter valued at $4,628,000. Thrivent Financial for Lutherans raised its holdings in shares of Valvoline by 118.2% in the third quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company’s stock valued at $2,844,000 after purchasing an additional 36,814 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Valvoline by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock valued at $93,215,000 after purchasing an additional 54,545 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valvoline

In related news, CEO Lori Ann Flees bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 38,428 shares in the company, valued at approximately $1,523,285.92. The trade was a 6.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Robert Travis Dobbins sold 1,914 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the sale, the chief technology officer now directly owns 14,956 shares in the company, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Valvoline Trading Down 1.4 %

Valvoline stock opened at $36.61 on Tuesday. The business has a 50-day simple moving average of $37.20 and a two-hundred day simple moving average of $40.12. The company has a market cap of $4.70 billion, a P/E ratio of 22.60 and a beta of 1.45. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77.

Wall Street Analyst Weigh In

VVV has been the subject of several research reports. Morgan Stanley restated an “equal weight” rating and set a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Stifel Nicolaus assumed coverage on shares of Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 target price on the stock. 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. Stephens initiated coverage on shares of Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Finally, Mizuho cut their price target on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.89.

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.