Advance Auto Parts (AAP) : Legacy Private Trust reduced its stake in Advance Auto Parts by 21.65% during the most recent quarter end. The investment management company now holds a total of 9,300 shares of Advance Auto Parts which is valued at $1,473,120 after selling 2,570 shares in Advance Auto Parts , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Advance Auto Parts makes up approximately 0.22% of Legacy Private Trust’s portfolio.
Advance Auto Parts opened for trading at $158.07 and hit $160.07 on the upside on Wednesday, eventually ending the session at $159.27, with a gain of 0.63% or 0.99 points. The heightened volatility saw the trading volume jump to 3,71,188 shares. Company has a market cap of $11,678 M.
Other Hedge Funds, Including , Coyle Financial Counsel sold out all of its stake in AAP during the most recent quarter. The investment firm sold 10,661 shares of AAP which is valued $1,688,702. Acadian Asset Management sold out all of its stake in AAP during the most recent quarter. The investment firm sold 7 shares of AAP which is valued $1,128.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in AAP in the latest quarter, The investment management firm added 2,036 additional shares and now holds a total of 16,587 shares of Advance Auto Parts which is valued at $2,673,659. Advance Auto Parts makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
On the company’s financial health, Advance Auto Parts reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $1.20. The company had revenue of $2033.50 million for the quarter, compared to analysts expectations of $2050.26 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Advance Auto Parts. Gabelli & Co Initiated Advance Auto Parts on Apr 15, 2016 to “Hold”, Price Target of the shares are set at $192.Barclays Initiated Advance Auto Parts on Mar 31, 2016 to “Underweight”, Price Target of the shares are set at $130.Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 170 from a previous price target of $176 .
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.