Brant Point Investment Management Lifted Stake in Advance Auto Parts (AAP) by $603,900 as Market Value Declined; Stockbridge Partners Has Boosted Holding in Advanced Drain Sys Del (WMS) by $8.51 Million

January 16, 2018 - By Marguerite Chambers

Ira Unschuld increased its stake in Advance Auto Parts Inc (AAP) by 59.22% based on its latest 2017Q3 regulatory filing with the SEC. Brant Point Investment Management Llc bought 6,100 shares as the company’s stock declined 6.26% while stock markets rallied. The hedge fund run by Ira Unschuld held 16,400 shares of the other specialty stores company at the end of 2017Q3, valued at $1.63M, up from 10,300 at the end of the previous reported quarter. Brant Point Investment Management Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $8.48B market cap company. The stock decreased 0.99% or $1.15 during the last trading session, reaching $114.79. About 494,838 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since January 16, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Sharlyn C. Heslam increased its stake in Advanced Drain Sys Inc Del (WMS) by 12.77% based on its latest 2017Q3 regulatory filing with the SEC. Stockbridge Partners Llc bought 425,251 shares as the company’s stock declined 0.22% while stock markets rallied. The hedge fund run by Sharlyn C. Heslam held 3.76 million shares of the capital goods company at the end of 2017Q3, valued at $76.07M, up from 3.33 million at the end of the previous reported quarter. Stockbridge Partners Llc who had been investing in Advanced Drain Sys Inc Del for a number of months, seems to be bullish on the $1.37B market cap company. The stock decreased 0.81% or $0.2 during the last trading session, reaching $24.45. About 52,053 shares traded. Advanced Drainage Systems, Inc. (NYSE:WMS) has declined 0.13% since January 16, 2017 and is downtrending. It has underperformed by 16.83% the S&P500.

Among 6 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Advanced Drainage Systems had 24 analyst reports since November 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, February 24 with “Outperform”. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) earned “Hold” rating by Deutsche Bank on Thursday, March 31. The company was maintained on Wednesday, November 30 by RBC Capital Markets. RBC Capital Markets maintained Advanced Drainage Systems, Inc. (NYSE:WMS) on Wednesday, June 8 with “Outperform” rating. The company was maintained on Friday, October 7 by RBC Capital Markets. The stock has “Outperform” rating by Robert W. Baird on Friday, January 13. The firm has “Outperform” rating by RBC Capital Markets given on Monday, January 11. The rating was maintained by Robert W. Baird on Wednesday, October 4 with “Buy”. Boenning & Scattergood maintained the shares of WMS in report on Friday, May 26 with “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, November 14.

Investors sentiment increased to 1.59 in Q3 2017. Its up 0.59, from 1 in 2017Q2. It increased, as 11 investors sold WMS shares while 23 reduced holdings. 18 funds opened positions while 36 raised stakes. 42.73 million shares or 3.33% more from 41.35 million shares in 2017Q2 were reported. Dimensional Fund Advisors Lp has 0.01% invested in Advanced Drainage Systems, Inc. (NYSE:WMS). Blackrock Incorporated, New York-based fund reported 2.32 million shares. Bnp Paribas Arbitrage holds 0% in Advanced Drainage Systems, Inc. (NYSE:WMS) or 4,650 shares. Deprince Race Zollo stated it has 1.33M shares. Impax Asset Mngmt Ltd accumulated 2.78% or 4.48M shares. Quantbot Techs Ltd Partnership has invested 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). Gardner Lewis Asset Mgmt LP stated it has 61,000 shares or 0.08% of all its holdings. Great West Life Assurance Com Can invested 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). California Public Employees Retirement Systems holds 0.01% in Advanced Drainage Systems, Inc. (NYSE:WMS) or 188,900 shares. Alliancebernstein Lp invested in 55,932 shares. Ameritas Inv stated it has 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). Morgan Stanley invested 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). 39,000 were accumulated by Fifth Third Bancorp. Stifel Fin, a Missouri-based fund reported 40,182 shares. 1,844 are owned by X Management Com Limited Liability Com.

Stockbridge Partners Llc, which manages about $1.82 billion and $1.99B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 819,285 shares to 1.58 million shares, valued at $166.17 million in 2017Q3, according to the filing. It also reduced its holding in Realpage Inc (NASDAQ:RP) by 50,000 shares in the quarter, leaving it with 3.76M shares, and cut its stake in Sensata Technologies Hldg Nv (NYSE:ST).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It is negative, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. Sandy Spring Comml Bank holds 0% or 238 shares. Cwm Ltd Liability Com reported 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Metropolitan Life Ins New York, New York-based fund reported 35,621 shares. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP). Willis Invest Counsel holds 0.29% or 41,220 shares in its portfolio. Apg Asset Mgmt Nv holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 104,132 shares. Acadian Asset Mngmt Ltd Liability Corporation invested in 0% or 421 shares. 4.45 million were accumulated by Blackrock. Ameriprise Fincl reported 72,722 shares. Moreover, Janney Montgomery Scott Limited Liability Company has 0.02% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 15,810 shares. 867 were reported by Assetmark Incorporated. Manufacturers Life Ins Company The invested in 0.06% or 501,056 shares. Thompson Siegel Walmsley Limited Liability Company holds 1.10 million shares or 1.31% of its portfolio. Ser Automobile Association accumulated 24,401 shares. Tt Intll has 33,184 shares for 0.55% of their portfolio.

Among 27 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 11 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 89 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies initiated the stock with “Hold” rating in Tuesday, September 15 report. On Monday, September 7 the stock rating was upgraded by Zacks to “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, August 16 report. BTIG Research downgraded the stock to “Sell” rating in Thursday, July 13 report. The firm has “Sell” rating by Barclays Capital given on Monday, May 29. The rating was maintained by RBC Capital Markets on Friday, May 20 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, May 2. BTIG Research maintained Advance Auto Parts, Inc. (NYSE:AAP) on Thursday, June 22 with “Sell” rating. Gabelli initiated the shares of AAP in report on Friday, April 15 with “Hold” rating. The firm earned “Overweight” rating on Wednesday, December 14 by Atlantic Securities.

Brant Point Investment Management Llc, which manages about $798.12M and $961.15M US Long portfolio, decreased its stake in Belden Inc (NYSE:BDC) by 13,300 shares to 11,200 shares, valued at $902,000 in 2017Q3, according to the filing. It also reduced its holding in Six Flags Entmt Corp New (Put) (NYSE:SIX) by 87,850 shares in the quarter, leaving it with 30,000 shares, and cut its stake in Mgic Invt Corp Wis (NYSE:MTG).

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