OneDigital Investment Advisors LLC Buys Shares of 5,435 Valvoline Inc. (NYSE:VVV)

OneDigital Investment Advisors LLC bought a new position in Valvoline Inc. (NYSE:VVV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,435 shares of the basic materials company’s stock, valued at approximately $227,000.

Several other large investors also recently made changes to their positions in VVV. Blue Trust Inc. grew its holdings in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after buying an additional 267 shares in the last quarter. UMB Bank n.a. boosted its position in Valvoline by 92.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 302 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Valvoline by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company’s stock worth $1,992,000 after purchasing an additional 313 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Valvoline by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 359 shares during the period. Finally, Park Place Capital Corp raised its stake in shares of Valvoline by 29.3% during the third quarter. Park Place Capital Corp now owns 1,608 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VVV. Wells Fargo & Company decreased their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada lowered 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. Robert W. Baird cut their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday. Stephens initiated coverage on Valvoline in a research report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target on the stock. Finally, Mizuho cut their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valvoline currently has an average rating of “Buy” and a consensus price target of $46.25.

Valvoline Stock Performance

VVV opened at $38.57 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. The firm has a market cap of $4.97 billion, a PE ratio of 23.81 and a beta of 1.46. The business has a fifty day simple moving average of $41.33 and a 200-day simple moving average of $41.91. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26.

Valvoline declared that its board has authorized a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.