5,250 Shares in Valvoline Inc (VVV) Acquired by First Hawaiian Bank

First Hawaiian Bank acquired a new stake in Valvoline Inc (NYSE:VVV) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,250 shares of the basic materials company’s stock, valued at approximately $113,000.

A number of other large investors have also recently modified their holdings of the stock. UBS Group AG increased its holdings in shares of Valvoline by 8.0% in the 1st quarter. UBS Group AG now owns 73,460 shares of the basic materials company’s stock worth $1,626,000 after purchasing an additional 5,440 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Valvoline by 534.1% in the 1st quarter. Millennium Management LLC now owns 140,237 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 118,120 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Valvoline by 21.0% in the 1st quarter. Legal & General Group Plc now owns 224,449 shares of the basic materials company’s stock worth $4,967,000 after purchasing an additional 38,998 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Valvoline by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 872,327 shares of the basic materials company’s stock worth $19,305,000 after purchasing an additional 37,049 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Valvoline by 23.7% in the 1st quarter. Brown Advisory Inc. now owns 30,648 shares of the basic materials company’s stock worth $678,000 after purchasing an additional 5,864 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Shares of VVV opened at $20.40 on Monday. Valvoline Inc has a one year low of $19.08 and a one year high of $25.63. The firm has a market capitalization of $3.89 billion, a P/E ratio of 14.68, a PEG ratio of 1.10 and a beta of 0.93.

A number of analysts have commented on VVV shares. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. lowered Valvoline from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $22.00 to $20.00 in a report on Friday, September 14th. Jefferies Financial Group started coverage on Valvoline in a report on Wednesday, October 3rd. They issued a “buy” rating and a $27.00 target price for the company. ValuEngine lowered Valvoline from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Valvoline currently has an average rating of “Hold” and an average price target of $25.38.

Valvoline Company Profile

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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