Summitry LLC Purchases Shares of 5,822 Valvoline $VVV

Summitry LLC acquired a new position in Valvoline (NYSE:VVV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,822 shares of the basic materials company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VVV. Cetera Investment Advisers raised its holdings in Valvoline by 14.3% during the 2nd quarter. Cetera Investment Advisers now owns 21,594 shares of the basic materials company’s stock worth $818,000 after purchasing an additional 2,705 shares during the last quarter. Creative Planning increased its position in shares of Valvoline by 40.1% during the second quarter. Creative Planning now owns 8,225 shares of the basic materials company’s stock worth $311,000 after buying an additional 2,353 shares during the period. SG Americas Securities LLC raised its stake in Valvoline by 21.0% during the second quarter. SG Americas Securities LLC now owns 17,237 shares of the basic materials company’s stock worth $653,000 after buying an additional 2,988 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Valvoline by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,659 shares of the basic materials company’s stock valued at $1,237,000 after buying an additional 2,277 shares during the period. Finally, Fiera Capital Corp boosted its position in Valvoline by 1.5% during the second quarter. Fiera Capital Corp now owns 919,496 shares of the basic materials company’s stock valued at $34,821,000 after acquiring an additional 13,824 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Stock Down 1.3%

VVV stock opened at $31.40 on Monday. The firm has a market capitalization of $3.99 billion, a PE ratio of 14.60 and a beta of 1.20. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. Valvoline has a twelve month low of $30.77 and a twelve month high of $42.88. The stock’s 50 day moving average is $35.35 and its 200-day moving average is $36.31.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stephens lifted their price objective on Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 price target on shares of Valvoline in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Valvoline in a report on Thursday. Zacks Research upgraded shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Finally, Piper Sandler upped their price objective on shares of Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.62.

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.