Isthmus Partners LLC Acquires Shares of 8,650 Valvoline Inc. (NYSE:VVV)

Isthmus Partners LLC acquired a new stake in shares of Valvoline Inc. (NYSE:VVV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,650 shares of the basic materials company’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VVV. Congress Asset Management Co. raised its holdings in shares of Valvoline by 2.8% in the third quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock valued at $153,032,000 after buying an additional 100,305 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Valvoline by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock valued at $117,534,000 after buying an additional 94,673 shares during the last quarter. Sculptor Capital LP raised its holdings in shares of Valvoline by 187.6% in the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after buying an additional 1,226,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Valvoline by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,625,842 shares of the basic materials company’s stock valued at $68,041,000 after buying an additional 19,877 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Valvoline by 1.8% in the third quarter. Commerce Bank now owns 1,232,013 shares of the basic materials company’s stock valued at $51,560,000 after buying an additional 21,369 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Valvoline Price Performance

Valvoline stock opened at $39.71 on Friday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 24.51 and a beta of 1.46. Valvoline Inc. has a 1 year low of $33.86 and a 1 year high of $48.26. The business has a 50-day moving average of $41.18 and a 200-day moving average of $41.81. 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 Transactions at Valvoline

In other Valvoline news, Director Charles M. Sonsteby acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VVV shares. Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley dropped their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company dropped their price objective on Valvoline from $46.00 to $44.00 and set an “overweight” 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 for the company in a report on Wednesday, November 20th. Finally, Stephens initiated coverage on Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective for the company. One equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $46.25.

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.