Dupont Capital Management Corp raised its stake in Valvoline Inc (NYSE:VVV) by 73.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,621 shares of the basic materials company’s stock after acquiring an additional 8,321 shares during the period. Dupont Capital Management Corp’s holdings in Valvoline were worth $432,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Washington Capital Management Inc. bought a new position in shares of Valvoline in the third quarter valued at $262,000. Capital Investment Advisors LLC bought a new position in shares of Valvoline in the third quarter valued at $213,000. State of New Jersey Common Pension Fund D bought a new position in shares of Valvoline in the third quarter valued at $4,038,000. Deane Retirement Strategies Inc. bought a new position in shares of Valvoline in the third quarter valued at $2,139,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Valvoline by 8.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,345 shares of the basic materials company’s stock valued at $272,000 after buying an additional 1,004 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.
NYSE VVV opened at $22.12 on Thursday. Valvoline Inc has a twelve month low of $16.90 and a twelve month high of $23.16. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.58 and a beta of 0.89. The firm’s 50 day moving average price is $21.76 and its two-hundred day moving average price is $20.41.
Several research analysts have issued reports on VVV shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Valvoline in a report on Saturday, October 19th. ValuEngine cut Valvoline from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup upped their price target on Valvoline from $21.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, TheStreet raised Valvoline from a “d+” rating to a “c+” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.20.
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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