Advance Auto Parts Inc (AAP) Files Form 4 Insider Buying : Thomas Greco Buys 6,700 Shares

Advance Auto Parts Inc (AAP): Thomas Greco , CEO of Advance Auto Parts Inc purchased 6,700 shares on Jun 7, 2016. The Insider buying transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $150.82 per share for a total value of $1,010,494.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Jeffrey C Smith (director) purchased 100,000 shares at $152.88 per share price.On May 25, 2016, Charles E Tyson (EVP, Merch, Mktg & Supply Chn) sold 5,527 shares at $149.19 per share price.Also, On Mar 14, 2016, William Harrison Carter (SVP, Bus Dev & Integration) sold 3,186 shares at $158.30 per share price.On Mar 14, 2016, Jill A Livesay (SVP, Controller & CAO) sold 3,176 shares at $158.72 per share price.

Advance Auto Parts: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Advance Auto Parts which led to swings in the share price. The shares opened for trading at $153.89 and hit $157.46 on the upside , eventually ending the session at $156.78, with a gain of 2.12% or 3.26 points. The heightened volatility saw the trading volume jump to 26,80,412 shares. The 52-week high of the share price is $201.24 and the company has a market cap of $11,532 M . The 52-week low of the share price is at $131.59.

Advance Auto Parts Money Flow Index Chart

On May 19, 2016, Advance Auto Parts announced a cash dividend of $0.0600. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jul 1, 2016.

Company has been under the radar of several Street Analysts.Advance Auto Parts is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 157 from a previous price target of $170 . The Rating was issued on May 20, 2016.Advance Auto Parts is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 6, 2016.Advance Auto Parts is Initiated by Gabelli & Co to Hold and the brokerage firm has set the Price Target at $192. The Rating was issued on Apr 15, 2016.Advance Auto Parts is Initiated by Barclays to Underweight and the brokerage firm has set the Price Target at $130. The Rating was issued on Mar 31, 2016.

Advance Auto Parts Inc. is a provider of automotive aftermarket parts. 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. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3 2015 the Company’s operations are comprised of 5261 stores and 111 distribution branches which operate in the United States Canada Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts Carquest Autopart International and Worldpac.

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