Fri Sep 20 07:35:02 UTC 2024: ## Victory Capital Management Increases Valvoline Holdings: Institutional Investors Show Strong Interest in Motor Oil Giant
**New York, NY – September 20, 2024** – Victory Capital Management Inc. has increased its stake in Valvoline Inc. (NYSE: VVV) by 2.0% in the second quarter, according to the company’s latest Form 13F filing. The move reflects a growing trend of institutional investors showing confidence in the motor oil giant.
Victory Capital Management now owns 27,158 shares of Valvoline, valued at $1,173,000. This follows a similar trend among other institutional investors, including Blue Trust Inc., Mather Group LLC., Principal Securities Inc., Quadrant Capital Group LLC, and Park Place Capital Corp., all of whom have increased their holdings in Valvoline recently.
Institutional ownership in Valvoline currently sits at 96.13%, indicating strong confidence in the company’s future prospects.
Valvoline opened at $41.60 on Friday, with a market cap of $5.36 billion. The company boasts a “Moderate Buy” consensus rating from analysts, with an average target price of $47.57.
Several brokerages have recently issued reports on VVV, with Wells Fargo & Company, Baird R W, Royal Bank of Canada, Robert W. Baird, and Piper Sandler all expressing bullish sentiments towards the stock.
Valvoline Inc. operates and franchises vehicle service centers and retail stores across the United States and Canada, offering services like oil changes, transmission and differential fluid changes, coolant flushes, battery replacements, and safety checks.
First Piper 