Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.
Grand Jean Capital Management Inc. decreased its position in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 22.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,488 shares of the company’s stock after selling 10,275 shares during the quarter. Advance Auto Parts comprises approximately 2.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Grand Jean Capital Management Inc.’s holdings, making the stock its 16th largest position. Grand Jean Capital Management Inc. owned approximately 0.06{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $5,548,000 at the end of the most recent quarter.
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Several other institutional investors have also modified their holdings of the company. Covestor Ltd raised its position in shares of Advance Auto Parts by 113.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after purchasing an additional 83 shares during the period. First Personal Financial Services raised its position in Advance Auto Parts by 113.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the third quarter. First Personal Financial Services now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the period. Private Trust Co. NA acquired a new position in Advance Auto Parts during the second quarter valued at $36,000. AllSquare Wealth Management LLC acquired a new position in Advance Auto Parts during the second quarter valued at $43,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Advance Auto Parts during the second quarter valued at $48,000. Institutional investors and hedge funds own 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the company’s stock.
Advance Auto Parts Stock Performance
Advance Auto Parts stock traded down $2.13 during trading hours on Friday, hitting $148.06. The stock had a trading volume of 341,912 shares, compared to its average volume of 904,596. The company has a 50-day moving average of $148.44 and a two-hundred day moving average of $165.00. The company has a quick ratio of 0.23, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.90 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11. Advance Auto Parts, Inc. has a fifty-two week low of $138.52 and a fifty-two week high of $231.43.
Advance Auto Parts (NYSE:AAP – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.48). The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. Advance Auto Parts had a net margin of 4.30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 25.97{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. On average, equities research analysts anticipate that Advance Auto Parts, Inc. will post 12.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on AAP. StockNews.com raised Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, February 1st. Morgan Stanley dropped their price target on Advance Auto Parts from $205.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 17th. Barclays started coverage on Advance Auto Parts in a research report on Tuesday, February 7th. They issued an “underweight” rating and a $145.00 target price on the stock. The Goldman Sachs Group dropped their target price on Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Finally, Wedbush raised Advance Auto Parts from a “neutral” rating to an “outperform” rating in a research report on Friday, January 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advance Auto Parts presently has an average rating of “Hold” and a consensus target price of $170.44.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.
Further Reading
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