Tweedy Browne Company Lifted By $6.81 Million Its Mrc Global (MRC) Stake; Lateef Investment Management LP Cut Advance Auto Parts (AAP) Stake

September 17, 2017 - By Henry Gaston

Tweedy Browne Company Llc increased Mrc Global Inc (MRC) stake by 7.63% reported in 2016Q4 SEC filing. Tweedy Browne Company Llc acquired 340,642 shares as Mrc Global Inc (MRC)’s stock declined 1.90%. The Tweedy Browne Company Llc holds 4.81M shares with $97.36 million value, up from 4.46 million last quarter. Mrc Global Inc now has $1.60 billion valuation. The stock decreased 1.39% or $0.24 on September 15, reaching $16.98. About 956,771 shares traded or 31.38% up from the average. MRC Global Inc (NYSE:MRC) has risen 52.93% since September 17, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

Lateef Investment Management Lp decreased Advance Auto Parts Inc (AAP) stake by 6.81% reported in 2016Q4 SEC filing. Lateef Investment Management Lp sold 26,183 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Lateef Investment Management Lp holds 358,534 shares with $60.64M value, down from 384,717 last quarter. Advance Auto Parts Inc now has $7.35B valuation. The stock decreased 0.51% or $0.51 on September 15, reaching $99.51. It is down 5.52% since September 17, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Investors sentiment increased to 1.04 in Q4 2016. Its up 0.11, from 0.93 in 2016Q3. It improved, as 18 investors sold MRC shares while 60 reduced holdings. 40 funds opened positions while 55 raised stakes. 92.11 million shares or 0.38% less from 92.46 million shares in 2016Q3 were reported. Ubs Oconnor Lc accumulated 500,000 shares. Gsa Cap Partners Llp owns 76,818 shares. State Common Retirement Fund invested in 290,284 shares. Connecticut-based Aqr Cap Mngmt Limited Liability Company has invested 0.02% in MRC Global Inc (NYSE:MRC). Deutsche Bank & Trust Ag accumulated 956,118 shares or 0.02% of the stock. Moody Commercial Bank Tru Division invested 0.02% in MRC Global Inc (NYSE:MRC). Registered Advisor invested in 0.17% or 18,890 shares. Legal And General Public Limited holds 0% or 202,681 shares. Gru One Trading LP has invested 0% in MRC Global Inc (NYSE:MRC). Ubs Asset Mngmt Americas Inc owns 87,038 shares. Nomura Asset Ltd owns 5,300 shares. Citadel Advisors holds 0.04% of its portfolio in MRC Global Inc (NYSE:MRC) for 1.91 million shares. Irving Magee Inv Mgmt holds 213,068 shares. Brandywine Invest Mngmt Llc reported 309,338 shares. California Pub Employees Retirement Sys accumulated 397,600 shares or 0.01% of the stock.

Among 13 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. MRC Global had 24 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, July 7 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Buy” rating given on Thursday, August 6 by Maxim Group. As per Monday, May 29, the company rating was maintained by KeyCorp. The company was upgraded on Tuesday, November 8 by Cowen & Co. The rating was initiated by Cowen & Co with “Market Perform” on Friday, September 16. The stock of MRC Global Inc (NYSE:MRC) has “Hold” rating given on Tuesday, November 10 by Maxim Group. The rating was downgraded by Seaport Global to “Hold” on Wednesday, June 21. As per Friday, September 1, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 6. Robert W. Baird maintained MRC Global Inc (NYSE:MRC) on Friday, September 8 with “Hold” rating.

Tweedy Browne Company Llc decreased Unifirst Corp (NYSE:UNF) stake by 62,186 shares to 96,774 valued at $13.90M in 2016Q4. It also reduced Philip Morris International (NYSE:PM) stake by 113,362 shares and now owns 1.27M shares. 3M Co (NYSE:MMM) was reduced too.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on November, 13. They expect $1.24 EPS, down 28.32% or $0.49 from last year’s $1.73 per share. AAP’s profit will be $91.59M for 20.06 P/E if the $1.24 EPS becomes a reality. After $1.58 actual EPS reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -21.52% negative EPS growth.

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.04, from 1.03 in 2016Q3. It improved, as 50 investors sold AAP shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported. Moreover, Fincl Architects has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 23 shares. Exxonmobil Mngmt Incorporated Tx has invested 0.06% in Advance Auto Parts, Inc. (NYSE:AAP). Old Mutual Customised Solutions (Proprietary) Ltd accumulated 2,100 shares. Stevens Mngmt Lp, a Pennsylvania-based fund reported 2,629 shares. Sg Americas Ltd Company holds 0.02% or 12,562 shares in its portfolio. Cipher Capital Limited Partnership owns 0.31% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 27,099 shares. Sei holds 56,988 shares or 0.05% of its portfolio. Morgan Stanley reported 198,552 shares. Utd Automobile Association, Texas-based fund reported 24,505 shares. Fmr Ltd Liability Co holds 927,120 shares or 0.02% of its portfolio. The Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.2% in Advance Auto Parts, Inc. (NYSE:AAP). Credit Suisse Ag, Switzerland-based fund reported 121,068 shares. Landscape Capital Mgmt Limited Liability invested 0.35% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Northern Tru owns 0.04% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 792,710 shares. Rwc Asset Management Llp has invested 0.56% in Advance Auto Parts, Inc. (NYSE:AAP).

Since March 20, 2017, it had 6 insider purchases, and 0 selling transactions for $49.68 million activity. Greco Thomas also bought $2.15 million worth of Advance Auto Parts, Inc. (NYSE:AAP) shares. On Friday, May 26 the insider LEE EUGENE I JR bought $250,481. Smith Jeffrey C bought $47.00 million worth of Advance Auto Parts, Inc. (NYSE:AAP) on Friday, May 26. 367 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $49,648 were bought by Karaboutis Adriana. Carter William Harrison also sold $411,113 worth of Advance Auto Parts, Inc. (NYSE:AAP) shares. Another trade for 500 shares valued at $67,435 was bought by Slone Reuben E. Buss Brad W bought 1,200 shares worth $161,364.

Among 25 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 9 Hold. Therefore 52% are positive. Advance Auto Parts Inc. had 75 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, May 2. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 16. Citigroup downgraded the stock to “Sell” rating in Tuesday, September 12 report. The firm has “Buy” rating given on Tuesday, August 18 by Argus Research. The stock has “Buy” rating by RBC Capital Markets on Sunday, August 16. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Wednesday, August 16. RBC Capital Markets has “Sector Perform” rating and $102 target. As per Wednesday, August 5, the company rating was downgraded by Evercore. Deutsche Bank maintained the shares of AAP in report on Wednesday, August 17 with “Buy” rating. The firm earned “Buy” rating on Wednesday, August 9 by Jefferies.

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