PetIQ, Inc. (PETQ) Forms $18.25 Double Bottom; Tensile Capital Management Has Lifted By $14.55 Million Its Advance Auto Parts (AAP) Holding

May 18, 2018 - By Henry Gaston

Tensile Capital Management Llc increased Advance Auto Parts Inc (AAP) stake by 33.55% reported in 2017Q4 SEC filing. Tensile Capital Management Llc acquired 147,000 shares as Advance Auto Parts Inc (AAP)’s stock rose 14.38%. The Tensile Capital Management Llc holds 585,200 shares with $58.34M value, up from 438,200 last quarter. Advance Auto Parts Inc now has $8.87B valuation. The stock increased 0.64% or $0.76 during the last trading session, reaching $119.79. About 1.05M shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since May 18, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

PetIQ, Inc. (PETQ) formed double bottom with $16.79 target or 8.00% below today’s $18.25 share price. PetIQ, Inc. (PETQ) has $508.58 million valuation. The stock decreased 9.92% or $2.01 during the last trading session, reaching $18.25. About 634,222 shares traded or 50.08% up from the average. PetIQ, Inc. (NASDAQ:PETQ) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It improved, as 56 investors sold AAP shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported. Old Mutual Customised Solutions (Proprietary) Limited, a South Africa-based fund reported 4,200 shares. 1,364 were reported by Livforsakringsbolaget Skandia Omsesidigt. Loews reported 110,000 shares. Richmond Hill Investments Ltd Liability Company reported 176,262 shares. Trust Com Of Vermont owns 300 shares. Suntrust Banks holds 3,049 shares. Shell Asset has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Rampart Investment Management Llc has 0.04% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 983 shares. Yorktown Mngmt Rech Communications stated it has 3,000 shares or 0.09% of all its holdings. Cap Guardian Trust stated it has 5,625 shares. Nelson Van Denburg & Campbell Wealth Mngmt Gp Ltd Company has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Natixis owns 275,440 shares. Poplar Forest Cap Lc holds 151,125 shares or 1.2% of its portfolio. Amundi Pioneer Asset reported 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Fuller Thaler Asset Inc has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP).

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 102 analyst reports since August 5, 2015 according to SRatingsIntel. Citigroup downgraded Advance Auto Parts, Inc. (NYSE:AAP) rating on Tuesday, September 12. Citigroup has “Sell” rating and $82.0 target. The firm has “Neutral” rating given on Friday, August 26 by Susquehanna. Vetr upgraded Advance Auto Parts, Inc. (NYSE:AAP) rating on Tuesday, August 25. Vetr has “Buy” rating and $198.33 target. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Hold” rating by Atlantic Securities on Wednesday, August 16. The stock has “Buy” rating by Jefferies on Friday, July 7. The rating was maintained by Bank of America with “Underperform” on Wednesday, August 16. On Tuesday, September 15 the stock rating was initiated by Jefferies with “Hold”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, May 25. The firm earned “Sell” rating on Wednesday, November 15 by Citigroup. The firm has “Buy” rating by Credit Suisse given on Monday, July 17.

Since February 23, 2018, it had 1 insider buy, and 2 selling transactions for $757,901 activity. $202,560 worth of Advance Auto Parts, Inc. (NYSE:AAP) shares were sold by Brouillard John C.. 8,640 shares valued at $1.00M were bought by Greco Thomas on Wednesday, March 21. 342 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $39,792 were sold by Finley Tammy M.

More recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Can Advance Auto Parts Turn Itself Around?” on May 10, 2018. Also Globenewswire.com published the news titled: “Consolidated Research: 2018 Summary Expectations for Advance Auto Parts, Old Republic International, MasTec …” on May 10, 2018. Streetinsider.com‘s news article titled: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” with publication date: May 15, 2018 was also an interesting one.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Chart

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