Global Thematic Partners Llc Increased Advance Auto Parts Inc (NYSE:AAP) Stake by $10.41 Million

October 13, 2017 - By test

Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.04, from 1.03 in 2017Q1. It increased, as 69 investors sold AAP shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. 76.44 million shares or 3.29% more from 74.00 million shares in 2017Q1 were reported. Ubs Asset Mngmt Americas has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP). State Of Alaska Department Of Revenue stated it has 1,460 shares or 0.01% of all its holdings. D E Shaw accumulated 263,741 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0.01% stake. Macquarie holds 15,926 shares or 0% of its portfolio. Victory Capital Management reported 20,835 shares or 0.01% of all its holdings. 1,556 are held by Creative Planning. Metropolitan Life Insurance Comm Ny, a New York-based fund reported 36,168 shares. Advantus Capital Mngmt holds 0.02% or 7,426 shares in its portfolio. Fiduciary Trust accumulated 0.01% or 1,516 shares. 13 were reported by Howe Rusling Incorporated. Bessemer Group accumulated 1.21M shares or 0.57% of the stock. Teachers Retirement Of The State Of Kentucky accumulated 0.06% or 42,602 shares. Loomis Sayles Lp holds 278,286 shares. Td Asset Mngmt Incorporated stated it has 134,342 shares.

Since May 26, 2017, it had 6 insider buys, and 0 selling transactions for $49.68 million activity. LEE EUGENE I JR bought $250,481 worth of stock or 1,895 shares. Slone Reuben E had bought 500 shares worth $67,435. $161,364 worth of Advance Auto Parts, Inc. (NYSE:AAP) was bought by Buss Brad W. 350,000 shares valued at $47.00M were bought by Smith Jeffrey C on Friday, May 26. 16,000 shares were bought by Greco Thomas, worth $2.15 million.

Global Thematic Partners Llc increased its stake in Advance Auto Parts Inc (NYSE:AAP) by 22.75% based on its latest 2017Q3 regulatory filing with the SEC. Global Thematic Partners Llc bought 105,141 shares as the company’s stock declined 6.26% while stock markets rallied. The institutional investor held 567,321 shares of the other specialty stores company at the end of 2017Q3, valued at $56.28 million, up from 462,180 at the end of the previous reported quarter. Global Thematic Partners Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $6.32B market cap company. The stock decreased 1.21% or $1.05 during the last trading session, reaching $85.51. About 1.97M shares traded or 8.84% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since October 14, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Global Thematic Partners Llc, which manages about $12.76 billion and $3.13B US Long portfolio, decreased its stake in Ralph Lauren Corp (NYSE:RL) by 195,647 shares to 486,288 shares, valued at $42.94M in 2017Q3, according to the filing. It also reduced its holding in Lauder Estee Cos Inc (NYSE:EL) by 300,052 shares in the quarter, leaving it with 549,392 shares, and cut its stake in Ebay Inc (NASDAQ:EBAY).

Global Thematic Partners Llc is a New York-based institutional investor with more than $12.76 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Global Thematic Partners latest Adv, the fund reported to have 21 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 26 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Advance Auto Parts Inc. has $217 highest and $13 lowest target. $134.36’s average target is 57.13% above currents $85.51 stock price. Advance Auto Parts Inc. had 79 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Strong Buy” rating given on Tuesday, November 15 by Raymond James. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Tuesday, August 25 by Vetr. The stock has “Neutral” rating by Citigroup on Friday, May 20. As per Friday, November 13, the company rating was downgraded by Sterne Agee CRT. The rating was downgraded by BTIG Research on Thursday, July 13 to “Sell”. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. The stock has “Neutral” rating by Susquehanna on Friday, August 26. The firm has “Sell” rating by BTIG Research given on Wednesday, October 19. Gabelli initiated the shares of AAP in report on Friday, April 15 with “Hold” rating. The rating was downgraded by BB&T Capital on Tuesday, December 15 to “Hold”.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers. The company has market cap of $6.32 billion. The Company’s stores and branches offer a selection of brand name, original equipment maker (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It has a 17.08 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Investorplace.com which released: “Why Advance Auto Parts, Inc. (AAP) Stock Is Falling Today” on October 04, 2017, also Nasdaq.com with their article: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” published on September 15, 2017, Seekingalpha.com published: “Auto names roar after M&A buzz” on September 25, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Nasdaq.com and their article: “Douglas Emmett Moves Up In Market Cap Rank, Passing Advance Auto Parts” published on October 13, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Advance Auto Parts, Inc. (AAP)” with publication date: September 20, 2017.

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