Sendero Wealth Management LLC Acquires 5,363 Shares of Valvoline Inc. (NYSE:VVV)

Sendero Wealth Management LLC boosted its stake in shares of Valvoline Inc. (NYSE:VVV) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,780 shares of the basic materials company’s stock after acquiring an additional 5,363 shares during the quarter. Sendero Wealth Management LLC’s holdings in Valvoline were worth $752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Valvoline by 2.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock valued at $1,173,000 after purchasing an additional 537 shares during the last quarter. Federated Hermes Inc. boosted its stake in Valvoline by 29.7% during the second quarter. Federated Hermes Inc. now owns 14,237 shares of the basic materials company’s stock worth $615,000 after buying an additional 3,263 shares during the period. Dimensional Fund Advisors LP increased its position in Valvoline by 3.6% during 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 acquiring an additional 94,673 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Valvoline by 4.0% during the second quarter. Mutual of America Capital Management LLC now owns 142,118 shares of the basic materials company’s stock valued at $6,139,000 after acquiring an additional 5,442 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Valvoline by 7.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,314 shares of the basic materials company’s stock valued at $359,000 after acquiring an additional 602 shares during the period. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VVV shares. Royal Bank of Canada dropped their price target 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. Wells Fargo & Company dropped their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Stephens initiated coverage on Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target on the stock. Robert W. Baird dropped their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Finally, Mizuho reduced their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Valvoline has an average rating of “Moderate Buy” and a consensus price target of $45.33.

Valvoline Trading Up 2.5 %

Shares of NYSE VVV opened at $36.71 on Thursday. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26. The firm has a market cap of $4.71 billion, a PE ratio of 22.66 and a beta of 1.45. The business has a fifty day simple moving average of $38.42 and a two-hundred day simple moving average of $40.81. 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, CEO Lori Ann Flees bought 2,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $39.64 per share, for a total transaction 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. This represents a 6.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles M. Sonsteby acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were bought 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 represents a 60.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

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.