Valvoline Inc. (NYSE:VVV) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Valvoline Inc. (NYSE:VVV – Get Rating) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,702 shares of the basic materials company’s stock after purchasing an additional 4,904 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Valvoline were worth $1,786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VVV. Ellevest Inc. grew its stake in Valvoline by 109.6% in the 4th quarter. Ellevest Inc. now owns 918 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 480 shares during the period. Ronald Blue Trust Inc. raised its position in shares of Valvoline by 63.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,616 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 627 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Valvoline in the 4th quarter valued at about $65,000. Geneos Wealth Management Inc. boosted its holdings in Valvoline by 147.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company’s stock worth $66,000 after buying an additional 1,250 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Valvoline during the 3rd quarter worth approximately $91,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup cut Valvoline from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Friday, February 24th. JPMorgan Chase & Co. boosted their target price on Valvoline from $36.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. StockNews.com raised Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Royal Bank of Canada boosted their price target on shares of Valvoline from $40.00 to $43.00 in a research report on Thursday, May 11th.

Insider Activity

In other Valvoline news, SVP Heidi J. Matheys sold 2,546 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $38.64, for a total value of $98,377.44. Following the sale, the senior vice president now owns 37,159 shares of the company’s stock, valued at $1,435,823.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Heidi J. Matheys sold 5,823 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $35.25, for a total value of $205,260.75. Following the completion of the transaction, the senior vice president now owns 37,159 shares of the company’s stock, valued at $1,309,854.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heidi J. Matheys sold 2,546 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $38.64, for a total transaction of $98,377.44. Following the sale, the senior vice president now directly owns 37,159 shares in the company, valued at $1,435,823.76. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

Valvoline Stock Performance

NYSE VVV opened at $38.73 on Friday. The stock has a fifty day simple moving average of $34.92 and a 200-day simple moving average of $34.07. Valvoline Inc. has a twelve month low of $24.40 and a twelve month high of $39.67. The company has a current ratio of 3.95, a quick ratio of 3.90 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.42 billion, a PE ratio of 4.30 and a beta of 1.37.

Valvoline Profile

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Valvoline, Inc engages in the production, marketing, and supply of engine and automotive maintenance products and services. It operates through the Retail Services segment. The Retail Services segment services the passenger car and light truck quick lube market in the US and Canada with preventive maintenance services done through company operated and independent franchise care stores.