Valvoline Inc. (NYSE:VVV) Shares Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its stake in shares of Valvoline Inc. (NYSE:VVV) by 34.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,780 shares of the basic materials company’s stock after purchasing 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 recently modified their holdings of the company. Wasatch Advisors LP increased its stake in Valvoline by 16.8% during the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock valued at $407,541,000 after purchasing an additional 1,398,310 shares in the last quarter. Sculptor Capital LP grew its holdings in shares of Valvoline by 187.6% during 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. Geneva Capital Management LLC acquired a new position in shares of Valvoline in the 3rd quarter valued at $32,670,000. Fiera Capital Corp purchased a new position in Valvoline in the 3rd quarter worth $25,538,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Valvoline during the 4th quarter worth about $17,340,000. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valvoline

In other Valvoline news, Director Charles M. Sonsteby purchased 10,000 shares of Valvoline stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of $39.50 per share, with a total value of $395,000.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief technology officer now directly owns 14,956 shares in the company, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Stephens assumed coverage on shares of 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 decreased their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Royal Bank of Canada cut their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company reduced their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Valvoline Price Performance

NYSE:VVV opened at $36.71 on Thursday. The company has a 50 day moving average price of $38.42 and a 200-day moving average price of $40.81. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 22.66 and a beta of 1.45. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61.

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.