Advance Auto Parts Inc (AAP) Files Form 4 Insider Buying : Jeffrey C Smith Buys 400,000 Shares

Advance Auto Parts Inc (AAP): Jeffrey C Smith , director of Advance Auto Parts Inc purchased 400,000 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $155.80 per share for a total value of $62270472 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Jeffrey C Smith (director) purchased 150,000 shares at $152.73 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.

Shares of Advance Auto Parts (AAP) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.35 points or -0.22% at $156.31 with 10,75,606 shares getting traded. Post opening the session at $156.81, the shares hit an intraday low of $155.9 and an intraday high of $157.76 and the price vacillated in this range throughout the day. The company has a market cap of $11,461 M and the number of outstanding shares has been calculated to be 7,33,22,495 shares. The 52-week high of Advance Auto Parts is $201.24 and the 52-week low is $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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