Valvoline Inc. (NYSE:VVV) is Tyro Capital Management LLC’s 8th Largest Position

Tyro Capital Management LLC boosted its stake in Valvoline Inc. (NYSE:VVV) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,228 shares of the basic materials company’s stock after purchasing an additional 2,100 shares during the quarter. Valvoline comprises approximately 4.6% of Tyro Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Tyro Capital Management LLC’s holdings in Valvoline were worth $14,490,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. UMB Bank n.a. lifted its position in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after buying an additional 302 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Valvoline by 57.9% during 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 during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Valvoline in the second quarter worth about $34,000. Prospera Private Wealth LLC purchased a new position in Valvoline in the 3rd quarter worth approximately $41,000. Finally, GAMMA Investing LLC lifted its position 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 purchasing an additional 465 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Trading Up 0.2 %

VVV opened at $38.95 on Friday. The stock has a market cap of $5.00 billion, a PE ratio of 24.00 and a beta of 1.43. The business has a 50 day moving average of $40.73 and a 200-day moving average of $41.67. 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.

Insider Activity

In related news, 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 transaction, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles M. Sonsteby acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now owns 26,437 shares in the company, valued at $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 1.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stephens initiated coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Royal Bank of Canada lowered their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Robert W. Baird cut their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. 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 research report on Wednesday, November 20th. Finally, Baird R W upgraded Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $46.25.

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.