Dixon Hubard Feinour & Brown Inc. VA cut its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,416 shares of the company’s stock after selling 878 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Advance Auto Parts were worth $398,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAP. IFP Advisors Inc raised its position in Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock worth $114,000 after buying an additional 24 shares during the period. Van ECK Associates Corp raised its position in Advance Auto Parts by 7.5% in the first quarter. Van ECK Associates Corp now owns 966 shares of the company’s stock worth $143,000 after buying an additional 67 shares during the period. Global X Management Co. LLC raised its position in Advance Auto Parts by 28.9% in the first quarter. Global X Management Co. LLC now owns 972 shares of the company’s stock worth $144,000 after buying an additional 218 shares during the period. Harbour Capital Advisors LLC acquired a new position in Advance Auto Parts during the first quarter worth $148,000. Finally, State of Alaska Department of Revenue raised its position in Advance Auto Parts by 12.3% in the second quarter. State of Alaska Department of Revenue now owns 1,460 shares of the company’s stock worth $170,000 after buying an additional 160 shares during the period.
Advance Auto Parts Inc (NYSE:AAP) opened at 107.34 on Friday. Advance Auto Parts Inc has a 1-year low of $99.13 and a 1-year high of $177.83. The stock has a 50 day moving average of $108.57 and a 200 day moving average of $137.82. The stock has a market cap of $7.92 billion, a P/E ratio of 19.45 and a beta of 0.87.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. Advance Auto Parts had a return on equity of 16.02% and a net margin of 4.31%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $2.51 EPS. Advance Auto Parts’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts anticipate that Advance Auto Parts Inc will post $6.37 EPS for the current fiscal year.
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A number of research analysts have weighed in on AAP shares. UBS AG reaffirmed a “buy” rating and issued a $180.00 price objective (down from $200.00) on shares of Advance Auto Parts in a research note on Wednesday, May 17th. Gabelli raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Thursday, April 20th. Deutsche Bank AG dropped their price objective on shares of Advance Auto Parts from $192.00 to $164.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, May 31st. Finally, Credit Suisse Group set a $150.00 price objective on shares of Advance Auto Parts and gave the company a “buy” rating in a research note on Monday, June 26th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $149.06.
In other Advance Auto Parts news, Director Adriana Karaboutis acquired 367 shares of the stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $135.28 per share, for a total transaction of $49,647.76. Following the purchase, the director now directly owns 3,043 shares of the company’s stock, valued at $411,657.04. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Eugene I. Lee, Jr. bought 1,895 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were purchased at an average price of $132.18 per share, for a total transaction of $250,481.10. Following the purchase, the director now owns 4,398 shares in the company, valued at approximately $581,327.64. The disclosure for this purchase can be found here. Insiders bought a total of 369,462 shares of company stock worth $49,617,073 in the last quarter. Company insiders own 4.50% of the company’s stock.
Advance Auto Parts Company Profile
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.
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