Wipfli Financial Advisors LLC Takes Position in Valvoline Inc. (NYSE:VVV)

Wipfli Financial Advisors LLC purchased a new position in shares of Valvoline Inc. (NYSE:VVVGet Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,695 shares of the basic materials company’s stock, valued at approximately $43,000.

Other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust grew its position in Valvoline by 4.8% during the second quarter. Greenleaf Trust now owns 8,254 shares of the basic materials company’s stock worth $238,000 after buying an additional 381 shares in the last quarter. Allworth Financial LP raised its position in shares of Valvoline by 10.2% during the second quarter. Allworth Financial LP now owns 4,829 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 447 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Valvoline by 2.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,733 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 466 shares during the period. Whittier Trust Co. raised its position in shares of Valvoline by 22.5% during the third quarter. Whittier Trust Co. now owns 2,723 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 500 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Valvoline by 108.9% during the second quarter. Quadrant Capital Group LLC now owns 1,055 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 90.20% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Michael S. Ryan sold 900 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $32.73, for a total transaction of $29,457.00. Following the transaction, the chief accounting officer now directly owns 8,258 shares of the company’s stock, valued at approximately $270,284.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Michael S. Ryan sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $32.73, for a total transaction of $29,457.00. Following the transaction, the chief accounting officer now owns 8,258 shares of the company’s stock, valued at approximately $270,284.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Julie Marie O’daniel sold 9,886 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $32.42, for a total value of $320,504.12. Following the transaction, the insider now directly owns 16,230 shares in the company, valued at approximately $526,176.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,786 shares of company stock worth $514,611. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VVV has been the topic of a number of research reports. Royal Bank of Canada assumed coverage on Valvoline in a research report on Tuesday, December 6th. They set an “outperform” rating and a $39.00 target price on the stock. Citigroup increased their price target on Valvoline from $35.00 to $39.00 in a research report on Wednesday, November 16th. Finally, StockNews.com raised Valvoline from a “sell” rating to a “hold” rating in a research report on Friday, January 6th.

Valvoline Stock Up 1.4 %

Shares of NYSE:VVV opened at $35.16 on Tuesday. The company has a market capitalization of $6.13 billion, a PE ratio of 14.90 and a beta of 1.34. The company has a debt-to-equity ratio of 4.97, a current ratio of 1.76 and a quick ratio of 1.73. The business has a fifty day moving average price of $32.61 and a two-hundred day moving average price of $30.12. Valvoline Inc. has a 1 year low of $24.40 and a 1 year high of $36.65.

Valvoline Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd were given a dividend of $0.125 per share. The ex-dividend date was Thursday, December 1st. This represents a $0.50 annualized dividend and a yield of 1.42%. Valvoline’s payout ratio is currently 21.19%.

Valvoline Profile

(Get Rating)

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.

See Also

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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