Eos Focused Equity Management adds Advance Auto Parts (AAP) to its portfolio

Advance Auto Parts (AAP) : Eos Focused Equity Management added new position in Advance Auto Parts during the most recent quarter end. The investment management firm now holds 30,342 shares of Advance Auto Parts which is valued at $5,058,315 , the company said in a statement filed on Aug 9, 2016 with the SEC.Advance Auto Parts makes up approximately 5.13% of Eos Focused Equity Management’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in AAP in the latest quarter, The investment management firm added 159 additional shares and now holds a total of 477 shares of Advance Auto Parts which is valued at $79,521. Advance Auto Parts makes up approx 0.01% of Penserra Capital Management’s portfolio.Finemark National Bank Trust reduced its stake in AAP by selling 357 shares or 53.2% in the most recent quarter. The Hedge Fund company now holds 314 shares of AAP which is valued at $52,347. Advance Auto Parts makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Bb&t Securities boosted its stake in AAP in the latest quarter, The investment management firm added 994 additional shares and now holds a total of 10,253 shares of Advance Auto Parts which is valued at $1,748,034. Advance Auto Parts makes up approx 0.03% of Bb&t Securities’s portfolio.Oakbrook Investments reduced its stake in AAP by selling 2,825 shares or 40.79% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of AAP which is valued at $680,723. Advance Auto Parts makes up approx 0.04% of Oakbrook Investments’s portfolio.Checchi Capital Advisers boosted its stake in AAP in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 751 shares of Advance Auto Parts which is valued at $124,689. Advance Auto Parts makes up approx 0.03% of Checchi Capital Advisers’s portfolio.

Advance Auto Parts closed down -2.35 points or -1.47% at $158.05 with 19,86,783 shares getting traded on Wednesday. Post opening the session at $160, the shares hit an intraday low of $156.93 and an intraday high of $160.415 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Advance Auto Parts reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus of $2.11. The company had revenue of $2256.20 million for the quarter, compared to analysts expectations of $2243.50 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.27 EPS.

Many Wall Street Analysts have commented on Advance Auto Parts. Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 175 from a previous price target of $160 .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 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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