Valvoline Inc. (NYSE:VVV) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of Valvoline Inc. (NYSE:VVV) by 72.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,529 shares of the basic materials company’s stock after buying an additional 41,245 shares during the quarter. Jane Street Group LLC owned 0.08% of Valvoline worth $4,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 in the last quarter. Blue Trust Inc. raised its position in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Valvoline in the 2nd quarter valued at about $34,000. Prospera Private Wealth LLC purchased a new stake in shares of Valvoline during the third quarter worth approximately $41,000. Finally, GAMMA Investing LLC raised 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 valued at $61,000 after acquiring an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Price Performance

Shares of NYSE VVV opened at $36.78 on Thursday. The stock has a market cap of $4.72 billion, a P/E ratio of 22.70 and a beta of 1.43. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26. The stock has a 50 day moving average of $40.47 and a two-hundred day moving average of $41.59. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77.

Insider Activity

In related news, Director Charles M. Sonsteby acquired 10,000 shares of Valvoline stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $39.50 per share, with a total value of $395,000.00. Following the purchase, the director now directly owns 26,437 shares in the company, valued at approximately $1,044,261.50. The trade was a 60.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 $598,240. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

VVV has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Stephens started coverage on Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Royal Bank of Canada decreased their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Mizuho dropped their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One investment 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 company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $46.25.

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.