Advance Auto Parts (AAP) : Selway Asset Management scooped up 2,950 additional shares in Advance Auto Parts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 14,475 shares of Advance Auto Parts which is valued at $2,441,209.Advance Auto Parts makes up approximately 1.50% of Selway Asset Management’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AAP in the latest quarter, The investment management firm added 309 additional shares and now holds a total of 10,960 shares of Advance Auto Parts which is valued at $1,848,404. Advance Auto Parts makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Donald L. Hagan sold out all of its stake in AAP during the most recent quarter. The investment firm sold 242 shares of AAP which is valued $40,179.First Quadrant L Pca boosted its stake in AAP in the latest quarter, The investment management firm added 4,900 additional shares and now holds a total of 27,600 shares of Advance Auto Parts which is valued at $4,519,500. Advance Auto Parts makes up approx 0.10% of First Quadrant L Pca’s portfolio. Cutler Group Lp sold out all of its stake in AAP during the most recent quarter. The investment firm sold 2,076 shares of AAP which is valued $338,201.
Advance Auto Parts closed down -1.61 points or -0.94% at $168.88 with 11,11,884 shares getting traded on Monday. Post opening the session at $170.49, the shares hit an intraday low of $168.75 and an intraday high of $171.31 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Advance Auto Parts reported $2.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $2.61. The company had revenue of $2979.80 million for the quarter, compared to analysts expectations of $3004.77 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.39 EPS.
Many Wall Street Analysts have commented on Advance Auto Parts. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $160 .Shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Outperform” and Lowered the Price Target to $ 157 from a previous price target of $170 .Advance Auto Parts was Upgraded by Goldman to ” Buy” on May 6, 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.