Tricadia Capital Management Boosted Its Advance Auto Parts (AAP) Holding; Stratos Wealth Partners LTD Lifted 3M Co (MMM) Stake

December 6, 2017 - By Dolores Ford

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 $7.20B valuation. The stock decreased 3.61% or $3.65 during the last trading session, reaching $97.5. About 1.28 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since December 6, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Stratos Wealth Partners Ltd increased 3M Co (MMM) stake by 15.1% reported in 2017Q2 SEC filing. Stratos Wealth Partners Ltd acquired 2,210 shares as 3M Co (MMM)’s stock rose 7.02%. The Stratos Wealth Partners Ltd holds 16,849 shares with $3.51 million value, up from 14,639 last quarter. 3M Co now has $142.15B valuation. The stock increased 0.17% or $0.41 during the last trading session, reaching $238.67. About 1.92 million shares traded or 2.82% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since December 6, 2016 and is uptrending. It has outperformed by 1.89% 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 88 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, May 2. BTIG Research maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, October 25 with “Sell” rating. Morgan Stanley maintained it with “Overweight” rating and $100 target in Wednesday, November 8 report. On Tuesday, September 15 the stock rating was initiated by Jefferies with “Hold”. The stock has “Buy” rating by UBS on Friday, February 5. Argus Research maintained the stock with “Buy” rating in Monday, September 18 report. The rating was initiated by Guggenheim on Wednesday, January 18 with “Neutral”. The firm has “Sell” rating given on Thursday, June 22 by BTIG Research. The company was upgraded on Friday, July 7 by Jefferies. The rating was maintained by Goldman Sachs on Wednesday, April 6 with “Neutral”.

Investors sentiment increased to 1.07 in Q2 2017. Its up 0.04, from 1.03 in 2017Q1. It is positive, 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. Lazard Asset Mgmt Lc has 2.33M shares for 0.57% of their portfolio. Lateef Investment Mgmt Limited Partnership invested in 285,698 shares. Barclays Public Limited owns 88,290 shares. Holland Capital Ltd Liability has invested 1.23% in Advance Auto Parts, Inc. (NYSE:AAP). Sterling Cap Mngmt Lc owns 18,275 shares for 0.02% of their portfolio. New York-based Rothschild Asset Incorporated has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Cornerstone Holdg Limited Liability Corporation accumulated 12,664 shares. Credit Agricole S A has 24,714 shares for 0.01% of their portfolio. Capstone Investment Ltd Liability Com holds 0.01% or 2,800 shares in its portfolio. State Of Wisconsin Investment Board reported 0.02% stake. Morgan Stanley reported 534,416 shares. Envestnet Asset Management invested in 31,352 shares or 0.01% of the stock. 2,835 were reported by Alta Capital Mgmt Ltd Liability Company. Mutual Of America Management Ltd Com, a New York-based fund reported 8,919 shares. Prescott Group Mngmt holds 0.35% in Advance Auto Parts, Inc. (NYSE:AAP) or 14,400 shares.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. It improved, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Soros Fund Management Limited Liability Corporation reported 0% of its portfolio in 3M Company (NYSE:MMM). Viking Fund Mngmt Llc reported 13,200 shares or 0.42% of all its holdings. Old Mutual (Uk) accumulated 376,299 shares. Decatur holds 48,025 shares or 2.1% of its portfolio. Penobscot Inv Management has invested 2.32% in 3M Company (NYSE:MMM). Bollard Llc holds 3,820 shares or 0.04% of its portfolio. Asset One Ltd holds 949,099 shares. Caisse De Depot Et Placement Du Quebec invested in 1.80 million shares or 0.91% of the stock. Independent Investors Inc holds 2.75% in 3M Company (NYSE:MMM) or 30,600 shares. Korea Investment stated it has 0.37% in 3M Company (NYSE:MMM). Prentiss Smith & Company owns 220 shares. Tortoise Management Limited Company reported 0.08% of its portfolio in 3M Company (NYSE:MMM). Tru Of Vermont holds 104,240 shares. Univest Of Pennsylvania holds 14,185 shares or 1.24% of its portfolio. Waldron LP holds 1,520 shares.

Stratos Wealth Partners Ltd decreased Ishares Tr (EFAV) stake by 15,614 shares to 82,217 valued at $5.69 million in 2017Q2. It also reduced Pimco Etf Tr (MINT) stake by 3,241 shares and now owns 25,984 shares. International Business Machs (NYSE:IBM) was reduced too.

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 10 by RBC Capital Markets. On Wednesday, January 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Buy” rating by UBS given on Friday, July 24. The stock of 3M Company (NYSE:MMM) earned “Underperform” rating by RBC Capital Markets on Friday, July 24. On Tuesday, September 26 the stock rating was maintained by Jefferies with “Buy”. On Thursday, July 13 the stock rating was maintained by Jefferies with “Buy”. Citigroup maintained it with “Buy” rating and $191 target in Tuesday, April 19 report. The rating was maintained by RBC Capital Markets with “Underperform” on Tuesday, August 4. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Wednesday, October 11. JP Morgan downgraded the shares of MMM in report on Wednesday, September 20 to “Underweight” rating.

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