Mawer Investment Management Ltd. Acquires 1,454,458 Shares of Valvoline $VVV

Mawer Investment Management Ltd. boosted its stake in shares of Valvoline (NYSE:VVV) by 118.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,678,878 shares of the basic materials company’s stock after buying an additional 1,454,458 shares during the period. Mawer Investment Management Ltd.’s holdings in Valvoline were worth $101,449,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fiduciary Management Inc. WI increased its position in shares of Valvoline by 13.0% during the first quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company’s stock worth $166,021,000 after acquiring an additional 548,071 shares in the last quarter. Alua Capital Management LP lifted its position in Valvoline by 3.6% in the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company’s stock valued at $129,997,000 after acquiring an additional 129,185 shares in the last quarter. Cooke & Bieler LP acquired a new position in Valvoline in the 2nd quarter worth $110,501,000. Vaughan Nelson Investment Management L.P. increased its holdings in Valvoline by 19.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,452,908 shares of the basic materials company’s stock worth $92,892,000 after purchasing an additional 407,710 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Valvoline in the 1st quarter valued at about $82,748,000. Institutional investors own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target on shares of Valvoline in a report on Tuesday, October 21st. Piper Sandler lifted their target price on Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Zacks Research raised Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Wells Fargo & Company decreased their price target on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Finally, Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.62.

Insider Transactions at Valvoline

In other news, CFO J Kevin Willis purchased 12,725 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the purchase, the chief financial officer directly owned 12,725 shares in the company, valued at $501,492.25. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Valvoline Trading Down 0.5%

NYSE VVV opened at $31.39 on Tuesday. Valvoline has a 12 month low of $30.77 and a 12 month high of $43.74. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37. The stock has a 50 day moving average of $35.90 and a 200-day moving average of $36.38. The company has a market cap of $3.99 billion, a PE ratio of 14.60 and a beta of 1.20.

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.