Tricadia Capital Management Raised Its Advance Auto Parts (AAP) Stake; Fiduciary Trust …

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September 29, 2017 – By Peter Erickson

Tricadia Capital Management Llc increased Advance Auto Parts Inc (AAP) stake by 7.96% reported in 2017Q2 SEC filing. Tricadia Capital Management Llc acquired 4,300 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Tricadia Capital Management Llc holds 58,300 shares with $6.80M value, up from 54,000 last quarter. Advance Auto Parts Inc now has $7.32 billion valuation. The stock declined 0.40% or $0.4 reaching $99.1 on the news. About 1.30 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since September 29, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Fiduciary Trust Company increased Johnson & Johnson (JNJ) stake by 0.98% reported in 2017Q2 SEC filing. Fiduciary Trust Company acquired 4,204 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Fiduciary Trust Company holds 432,640 shares with $57.23 million value, up from 428,436 last quarter. Johnson & Johnson now has $348.03B valuation. The stock rose 0.17% or $0.22 reaching $129.67 per share. About 2.22 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since September 29, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.

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. Bank Of Mellon stated it has 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Guggenheim Capital Ltd Com accumulated 299,730 shares. Capstone Asset Com, Texas-based fund reported 11,251 shares. Aberdeen Asset Management Public Lc Uk stated it has 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Old Mutual Customised Solutions (Proprietary) reported 2,700 shares. Nokota Management Limited Partnership invested 0.79% in Advance Auto Parts, Inc. (NYSE:AAP). Glenmede Tru Na accumulated 33,233 shares or 0.02% of the stock. Gemmer Asset Management Ltd stated it has 162 shares. Mitsubishi Ufj Tru And reported 147,395 shares. Legacy Private owns 0.06% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 4,125 shares. Tru Co Of Vermont holds 415 shares or 0% of its portfolio. Huntington Bancshares has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 1,046 shares. Stoneridge Prtnrs Ltd Com has invested 0.65% in Advance Auto Parts, Inc. (NYSE:AAP). 115,594 were reported by Zuckerman Inv Grp Inc Ltd. Tpg Gru (Sbs) has 14,024 shares for 0.02% of their portfolio.

Since May 26, 2017, it had 6 insider purchases, and 0 insider sales for $49.68 million activity. The insider Buss Brad W bought 1,200 shares worth $161,364. LEE EUGENE I JR also bought $250,481 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Friday, May 26. 500 shares were bought by Slone Reuben E, worth $67,435 on Tuesday, May 30. Smith Jeffrey C had bought 350,000 shares worth $47.00 million on Friday, May 26. On Friday, May 26 the insider Greco Thomas bought $2.15M. 367 shares were bought by Karaboutis Adriana, worth $49,648 on Thursday, June 1.

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. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 15 report. The company was downgraded on Thursday, July 13 by BTIG Research. The firm has “Outperform” rating given on Friday, February 12 by RBC Capital Markets. Vetr upgraded Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, August 25 to “Buy” rating. Zacks upgraded it to “Buy” rating and $193 target in Monday, September 7 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Positive” rating given on Tuesday, November 15 by Susquehanna. Bank of America downgraded the shares of AAP in report on Friday, July 7 to “Underperform” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Hold” rating given on Wednesday, August 5 by Evercore. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Outperform” rating given on Friday, February 12 by Wedbush. BTIG Research maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Wednesday, October 19. BTIG Research has “Sell” rating and $120 target.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 10 have Buy rating, 5 Sell and 8 Hold. Therefore 43% are positive. Johnson & Johnson had 67 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, August 4. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 27. The firm has “Buy” rating given on Monday, July 10 by BMO Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $114 target in Wednesday, October 7 report. The company was maintained on Tuesday, July 18 by Stifel Nicolaus. The firm has “Overweight” rating by Barclays Capital given on Tuesday, December 1. On Friday, July 21 the stock rating was downgraded by BTIG Research to “Sell”. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, July 20. The company was maintained on Wednesday, January 25 by RBC Capital Markets. The company was maintained on Friday, September 22 by RBC Capital Markets.

Fiduciary Trust Company decreased Nextera Energy Inc (NYSE:NEE) stake by 2,600 shares to 68,920 valued at $9.66M in 2017Q2. It also reduced Grainger W W Inc (NYSE:GWW) stake by 2,711 shares and now owns 7,532 shares. Exxon Mobil Corp (NYSE:XOM) was reduced too.

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