As Vale S A (VALE) Share Value Declined, Shareholder Silchester International Investors Llp Lowered Its Position by $236.97 Million; Advance Auto Parts (AAP) Position Increased by Richmond Hill Investments Llc

January 16, 2018 - By Peter Erickson

Richmond Hill Investments Llc increased its stake in Advance Auto Parts Inc (AAP) by 98.5% based on its latest 2017Q3 regulatory filing with the SEC. Richmond Hill Investments Llc bought 87,465 shares as the company’s stock declined 6.26% while stock markets rallied. The hedge fund held 176,262 shares of the other specialty stores company at the end of 2017Q3, valued at $17.49 million, up from 88,797 at the end of the previous reported quarter. Richmond Hill Investments Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $8.56 billion market cap company. The stock increased 2.65% or $2.99 during the last trading session, reaching $115.94. About 1.58M 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.

Silchester International Investors Llp decreased its stake in Vale S A (VALE) by 34.76% based on its latest 2017Q3 regulatory filing with the SEC. Silchester International Investors Llp sold 23.70 million shares as the company’s stock declined 20.71% while stock markets rallied. The institutional investor held 44.47M shares of the precious metals company at the end of 2017Q3, valued at $447.80 million, down from 68.17M at the end of the previous reported quarter. Silchester International Investors Llp who had been investing in Vale S A for a number of months, seems to be less bullish one the $71.63B market cap company. The stock increased 0.59% or $0.08 during the last trading session, reaching $13.53. About 19.01 million shares traded. Vale S.A. (NYSE:VALE) has risen 111.11% since January 16, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

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. The firm has “Underweight” rating by Barclays Capital given on Wednesday, February 22. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by UBS on Friday, February 5. Susquehanna upgraded the shares of AAP in report on Tuesday, November 15 to “Positive” rating. The stock has “Outperform” rating by RBC Capital Markets on Friday, August 14. On Wednesday, August 5 the stock rating was downgraded by Evercore to “Hold”. The firm has “Sell” rating given on Thursday, July 13 by BTIG Research. On Friday, May 20 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was downgraded by Atlantic Securities on Wednesday, August 16 to “Hold”. The firm earned “Hold” rating on Tuesday, September 15 by Jefferies. The firm has “Hold” rating by Raymond James given on Wednesday, October 4.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dived, 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. Reilly Advisors Limited Liability Company holds 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 200 shares. Moreover, Pictet Asset Mgmt Ltd has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP). Js Lc has 20,000 shares. Beach Investment Counsel Pa, a Pennsylvania-based fund reported 11,338 shares. Legal And General Group Incorporated Pcl holds 0.03% or 371,039 shares. Cullinan Associates invested in 18,400 shares or 0.14% of the stock. State Of Alaska Department Of Revenue has invested 0.04% in Advance Auto Parts, Inc. (NYSE:AAP). Quantitative Invest Limited Co has 121,600 shares. Starboard Value Limited Partnership reported 8.5% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). 92,181 are owned by Credit Suisse Ag. Falcon Edge Cap Limited Partnership stated it has 1.67% in Advance Auto Parts, Inc. (NYSE:AAP). Td Asset Mngmt reported 25,288 shares. Franklin Resource holds 0.03% or 539,675 shares. Atria Invests Ltd Co, a North Carolina-based fund reported 9,911 shares. Amalgamated National Bank stated it has 8,314 shares.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on February, 22. They expect $0.23 EPS, down 56.60% or $0.30 from last year’s $0.53 per share. VALE’s profit will be $1.22B for 14.71 P/E if the $0.23 EPS becomes a reality. After $0.40 actual EPS reported by Vale S.A. for the previous quarter, Wall Street now forecasts -42.50% negative EPS growth.

Among 26 analysts covering Vale S.A. (NYSE:VALE), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Vale S.A. had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Vale S.A. (NYSE:VALE) has “Hold” rating given on Monday, May 9 by Societe Generale. The rating was downgraded by Stifel Nicolaus on Thursday, March 10 to “Hold”. On Friday, July 28 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Hold” rating on Monday, July 10 by Jefferies. The firm earned “Outperform” rating on Wednesday, January 25 by Bernstein. Cowen & Co maintained Vale S.A. (NYSE:VALE) on Thursday, July 13 with “Hold” rating. Itau BBA upgraded the stock to “Outperform” rating in Thursday, October 20 report. The firm has “Hold” rating given on Monday, November 13 by RBC Capital Markets. The firm earned “Sell” rating on Thursday, April 14 by CLSA. The company was upgraded on Monday, October 19 by UBS.

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