Lord Abbett & CO. LLC Has $21.65 Million Stock Position in Valvoline Inc. (NYSE:VVV)

Lord Abbett & CO. LLC lessened its stake in Valvoline Inc. (NYSE:VVV) by 43.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,309 shares of the basic materials company’s stock after selling 399,474 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Valvoline were worth $21,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tyro Capital Management LLC increased its holdings in shares of Valvoline by 0.6% in the third quarter. Tyro Capital Management LLC now owns 346,228 shares of the basic materials company’s stock valued at $14,490,000 after purchasing an additional 2,100 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Valvoline in the 3rd quarter valued at $2,554,000. Tidal Investments LLC increased its stake in shares of Valvoline by 20.1% in the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company’s stock valued at $2,275,000 after buying an additional 9,089 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Valvoline by 25.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company’s stock valued at $349,000 after buying an additional 1,838 shares during the period. Finally, Invst LLC raised its position in shares of Valvoline by 3.7% during the third quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock worth $667,000 after acquiring an additional 563 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Valvoline Trading Down 1.4 %

VVV opened at $38.36 on Monday. The firm’s fifty day moving average is $40.64 and its two-hundred day moving average is $41.66. The firm has a market cap of $4.92 billion, a PE ratio of 23.68 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 company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

Analyst Ratings Changes

Several equities analysts recently issued reports on VVV shares. Robert W. Baird lowered their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens began coverage on shares of Valvoline in a research report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target for the company. 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. Morgan Stanley reduced their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Mizuho dropped their target price on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Valvoline presently has an average rating of “Buy” and an average price target of $46.25.

Insider Buying and Selling

In other news, CTO Robert Travis Dobbins sold 1,914 shares of the 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 sale, the chief technology officer now owns 14,956 shares of the company’s stock, valued at $598,240. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 price of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 1.34% of the stock is currently owned by company insiders.

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.