Windsor Financial Group adds Advance Auto Parts (AAP) to its portfolio

Advance Auto Parts (AAP) : Windsor Financial Group added new position in Advance Auto Parts during the most recent quarter end. The investment management firm now holds 29,297 shares of Advance Auto Parts which is valued at $4,640,645 , the company said in a statement filed on Apr 20, 2016 with the SEC.Advance Auto Parts makes up approximately 2.09% of Windsor Financial Group’s portfolio.

Advance Auto Parts opened for trading at $157.38 and hit $158.96 on the upside on Friday, eventually ending the session at $158.4, with a gain of 0.81% or 1.27 points. The heightened volatility saw the trading volume jump to 5,40,472 shares. Company has a market cap of $11,614 M.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in AAP by selling 2,393 shares or 27.04% in the most recent quarter. The Hedge Fund company now holds 6,456 shares of AAP which is valued at $1,022,630. Advance Auto Parts makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Manning Napier Advisors reduced its stake in AAP by selling 14,730 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 188,210 shares of AAP which is valued at $30,337,570. Advance Auto Parts makes up approx 0.19% of Manning Napier Advisors’s portfolio.British Columbia Investment Management Corp reduced its stake in AAP by selling 17,302 shares or 44.41% in the most recent quarter. The Hedge Fund company now holds 21,658 shares of AAP which is valued at $3,352,009. Advance Auto Parts makes up approx 0.03% of British Columbia Investment Management Corp’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.

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