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

October 13, 2017 - By Ellis Scott

Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.04, from 1.03 in 2017Q1. It improved, 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. Community And accumulated 106,756 shares. Point72 Asia (Hong Kong) holds 0.01% in Advance Auto Parts, Inc. (NYSE:AAP) or 73 shares. Strs Ohio holds 0% in Advance Auto Parts, Inc. (NYSE:AAP) or 4,107 shares. Rice Hall James & Assoc Ltd Liability Company, a California-based fund reported 8,192 shares. Tdam Usa Inc invested in 53,534 shares or 0.32% of the stock. Sumitomo Mitsui Asset Com Ltd holds 0.01% or 6,608 shares in its portfolio. Blackrock Incorporated holds 0.03% or 5.43 million shares. Legacy Private Trust owns 4,125 shares for 0.06% of their portfolio. National Bank & Trust reported 0.15% in Advance Auto Parts, Inc. (NYSE:AAP). Thompson Siegel & Walmsley Ltd Liability Company holds 1.15M shares. Cleararc Capital Incorporated holds 1,792 shares or 0.03% of its portfolio. Capital Int Investors stated it has 640,800 shares or 0.1% of all its holdings. The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.06% in Advance Auto Parts, Inc. (NYSE:AAP). Credit Agricole S A stated it has 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). 18 are held by Parkside Comml Bank Tru.

Since May 26, 2017, it had 6 insider buys, and 0 insider sales for $49.68 million activity. Karaboutis Adriana bought $49,648 worth of stock. The insider LEE EUGENE I JR bought $250,481. Greco Thomas bought $2.15M worth of Advance Auto Parts, Inc. (NYSE:AAP) on Friday, May 26. On Friday, May 26 Smith Jeffrey C bought $47.00 million worth of Advance Auto Parts, Inc. (NYSE:AAP) or 350,000 shares. $161,364 worth of Advance Auto Parts, Inc. (NYSE:AAP) was bought by Buss Brad W on Tuesday, May 30.

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 $56.28M, 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 1.97 million 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 58 Com Inc (NYSE:WUBA) by 454,912 shares to 97,308 shares, valued at $6.14 million in 2017Q3, according to the filing. It also reduced its holding in Jd Com Inc (NASDAQ:JD) by 671,849 shares in the quarter, leaving it with 111,537 shares, and cut its stake in Lauder Estee Cos Inc (NYSE:EL).

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. As per Wednesday, September 20, the company rating was maintained by Robert W. Baird. The firm earned “Buy” rating on Friday, May 6 by Goldman Sachs. The firm has “Hold” rating by BB&T Capital given on Tuesday, December 15. On Tuesday, November 15 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock has “Buy” rating by Deutsche Bank on Friday, February 12. The rating was maintained by Argus Research on Monday, September 18 with “Buy”. The rating was initiated by Gabelli with “Hold” on Friday, April 15. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, August 16. The stock has “Outperform” rating by RBC Capital Markets on Thursday, September 8. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, May 25.

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: Nasdaq.com which released: “Douglas Emmett Moves Up In Market Cap Rank, Passing Advance Auto Parts” on October 13, 2017, also Seekingalpha.com with their article: “Auto names roar after M&A buzz” published on September 25, 2017, Forbes.com published: “Ex-Dividend Reminder: Royal Caribbean Cruises, Advance Auto Parts and Omnicom …” on September 19, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Investorplace.com and their article: “Why Advance Auto Parts, Inc. (AAP) Stock Is Falling Today” published on October 04, 2017 as well as Nasdaq.com‘s news article titled: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” with publication date: September 15, 2017.

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