Advance Auto Parts (AAP) Position Boosted by Richmond Hill Investment Company; As Mccormick & Co (MKC) Valuation Rose, Shareholder Hightower Advisors Lowered Holding by $1.04 Million

February 18, 2018 - By Migdalia James

Hightower Advisors Llc decreased its stake in Mccormick & Co Inc (MKC) by 22.51% based on its latest 2017Q3 regulatory filing with the SEC. Hightower Advisors Llc sold 10,156 shares as the company’s stock rose 3.48% with the market. The institutional investor held 34,954 shares of the consumer non-durables company at the end of 2017Q3, valued at $3.59M, down from 45,110 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in Mccormick & Co Inc for a number of months, seems to be less bullish one the $13.83 billion market cap company. The stock increased 0.66% or $0.69 during the last trading session, reaching $105.5. About 587,988 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since February 18, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

Richmond Hill Investment Company increased its stake in Advance Auto Parts Inc (AAP) by 103.05% based on its latest 2017Q3 regulatory filing with the SEC. Richmond Hill Investment Company bought 31,535 shares as the company’s stock declined 6.26% while stock markets rallied. The hedge fund held 62,138 shares of the other specialty stores company at the end of 2017Q3, valued at $6.16 million, up from 30,603 at the end of the previous reported quarter. Richmond Hill Investment Company who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $7.95 billion market cap company. The stock decreased 1.11% or $1.21 during the last trading session, reaching $107.57. About 946,725 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since February 18, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Among 13 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. McCormick & Company had 42 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, June 30. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Buy” rating by Deutsche Bank on Thursday, January 7. Bernstein downgraded the stock to “Mkt Perform” rating in Friday, September 16 report. The firm earned “Buy” rating on Friday, June 30 by Credit Suisse. The company was maintained on Wednesday, October 12 by Jefferies. The stock has “Outperform” rating by Credit Suisse on Tuesday, October 25. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Underweight” rating by JP Morgan on Tuesday, January 19. BB&T Capital downgraded the stock to “Hold” rating in Thursday, February 18 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 31. The rating was maintained by UBS with “Neutral” on Friday, January 26.

Since September 29, 2017, it had 0 buys, and 5 sales for $2.31 million activity. Shares for $497,500 were sold by MANGAN MICHAEL D. The insider LITTLE PATRICIA A sold $678,962. Shares for $296,050 were sold by HRABOWSKI FREEMAN A III on Friday, October 13.

Hightower Advisors Llc, which manages about $15.08 billion and $11.72 billion US Long portfolio, upped its stake in Wintrust Finl Corp (NASDAQ:WTFC) by 10,911 shares to 17,332 shares, valued at $1.35M in 2017Q3, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHP) by 12,937 shares in the quarter, for a total of 102,283 shares, and has risen its stake in United States Oil Fund Lp (USO).

Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.77, from 0.86 in 2017Q2. It improved, as 44 investors sold MKC shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported. The Pennsylvania-based Nationwide Fund Advsrs has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). First In has invested 0.02% in McCormick & Company, Incorporated (NYSE:MKC). 14,907 were reported by Stephens Incorporated Ar. Moreover, Fifth Third Commercial Bank has 0.05% invested in McCormick & Company, Incorporated (NYSE:MKC) for 67,465 shares. Prudential Public Ltd Company invested 0% in McCormick & Company, Incorporated (NYSE:MKC). Point72 Asia (Hong Kong) accumulated 1,208 shares. Pennsylvania-based Rodgers Brothers has invested 1.72% in McCormick & Company, Incorporated (NYSE:MKC). 30,800 were reported by Pensionfund Dsm Netherlands. Caisse De Depot Et Placement Du Quebec owns 7,965 shares for 0% of their portfolio. Invest Counselors Of Maryland Ltd has invested 0% in McCormick & Company, Incorporated (NYSE:MKC). Ohio-based Employees Retirement System Of Ohio has invested 0.02% in McCormick & Company, Incorporated (NYSE:MKC). Moreover, Peapack Gladstone has 0.08% invested in McCormick & Company, Incorporated (NYSE:MKC). Eqis Cap Mngmt owns 25,056 shares for 0.14% of their portfolio. Investment Centers Of America has 0.02% invested in McCormick & Company, Incorporated (NYSE:MKC) for 2,083 shares. 12,961 were reported by Albert D Mason.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It fall, 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. Arga Inv Management Limited Partnership reported 51,700 shares or 0.61% of all its holdings. Louisiana State Employees Retirement System invested 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Raymond James Services Advsrs owns 3,408 shares. Laffer Invs has invested 0.24% in Advance Auto Parts, Inc. (NYSE:AAP). Willis Counsel owns 0.29% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 41,220 shares. Daiwa Secs Group Incorporated Inc invested in 0% or 2,242 shares. Quantitative Investment Ltd Company holds 121,600 shares. The California-based Reilly Fincl Advisors Lc has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Advantus Capital Mngmt holds 0.02% or 7,450 shares. Teacher Retirement Systems Of Texas accumulated 190,001 shares or 0.12% of the stock. Next Financial Group Inc accumulated 9 shares or 0% of the stock. Susquehanna Intl Grp Llp, Pennsylvania-based fund reported 87,736 shares. Ls Inv Advsrs Ltd Limited Liability Company has invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). State Of New Jersey Common Pension Fund D has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). The Sweden-based Nordea Investment Ab has invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP).

Among 28 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. Advance Auto Parts Inc. had 91 analyst reports since August 5, 2015 according to SRatingsIntel. Bank of America downgraded the stock to “Underperform” rating in Friday, July 7 report. The rating was maintained by Morgan Stanley on Friday, May 20 with “Overweight”. The firm earned “Overweight” rating on Wednesday, November 15 by JP Morgan. Barclays Capital maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, August 16 with “Underweight” rating. Sterne Agee CRT downgraded the shares of AAP in report on Friday, November 13 to “Neutral” rating. Citigroup maintained it with “Sell” rating and $85.0 target in Wednesday, November 15 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. On Wednesday, December 14 the stock rating was initiated by Atlantic Securities with “Overweight”. On Wednesday, October 19 the stock rating was maintained by BTIG Research with “Sell”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, August 16 report.

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