Advance Auto Parts Inc (AAP) Position Trimmed by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC reduced its position in Advance Auto Parts Inc (NYSE:AAP) by 41.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,300 shares of the company’s stock after selling 1,600 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Advance Auto Parts were worth $228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tobam bought a new stake in shares of Advance Auto Parts during the second quarter worth approximately $118,000. QS Investors LLC boosted its holdings in shares of Advance Auto Parts by 0.9% during the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after acquiring an additional 9 shares during the period. Global X Management Co. LLC boosted its holdings in shares of Advance Auto Parts by 14.3% during the second quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after acquiring an additional 139 shares during the period. IFP Advisors Inc boosted its holdings in shares of Advance Auto Parts by 57.5% during the second quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after acquiring an additional 441 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in shares of Advance Auto Parts by 763.0% during the second quarter. Federated Investors Inc. PA now owns 1,398 shares of the company’s stock worth $163,000 after acquiring an additional 1,236 shares during the period.

Advance Auto Parts Inc (NYSE:AAP) opened at $97.50 on Thursday. Advance Auto Parts Inc has a 1 year low of $78.81 and a 1 year high of $177.83. The firm has a market cap of $7,474.79, a PE ratio of 18.03, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. equities analysts expect that Advance Auto Parts Inc will post 5.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.24 annualized dividend and a yield of 0.25%. Advance Auto Parts’s dividend payout ratio (DPR) is 5.03%.

AAP has been the subject of a number of research analyst reports. Gabelli restated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price target (down from $133.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. UBS reiterated a “buy” rating and issued a $118.00 price target (down from $155.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Credit Suisse Group set a $100.00 price target on Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank set a $101.00 price target on Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $104.89.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.thestockobserver.com/2017/12/07/advance-auto-parts-inc-aap-position-trimmed-by-sheaff-brock-investment-advisors-llc.html.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply