Advisors Capital Management LLC Buys 7,139 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Advisors Capital Management LLC Buys 7,139 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Advisors Capital Management LLC raised its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 14.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,931 shares of the company’s stock after purchasing an additional 7,139 shares during the period. Advisors Capital Management LLC owned 0.09{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $10,463,000 as of its most recent filing with the Securities & Exchange Commission.

→ Unusual Passive Income Investment (Found on a Golf Course) (From Oxford Club)pixel

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Advance Auto Parts by 4.1{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,173 shares of the company’s stock valued at $340,000 after purchasing an additional 86 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Advance Auto Parts by 4.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Kentucky Retirement Systems now owns 4,747 shares of the company’s stock valued at $742,000 after acquiring an additional 213 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Advance Auto Parts by 4,881.8{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Balyasny Asset Management LLC now owns 477,160 shares of the company’s stock valued at $74,600,000 after acquiring an additional 467,582 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Advance Auto Parts by 22.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Baird Financial Group Inc. now owns 15,756 shares of the company’s stock valued at $2,463,000 after acquiring an additional 2,889 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Advance Auto Parts in the 3rd quarter valued at about $254,000. Institutional investors own 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AAP. Wells Fargo & Company lowered their price target on shares of Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, January 5th. UBS Group downgraded shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $230.00 to $182.00 in a report on Wednesday, November 16th. DA Davidson decreased their price objective on shares of Advance Auto Parts from $170.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Evercore ISI raised their price objective on shares of Advance Auto Parts to $160.00 in a research note on Tuesday, February 7th. Finally, Roth Capital reissued a “neutral” rating and issued a $140.00 price objective (down previously from $180.00) on shares of Advance Auto Parts in a research note on Monday, February 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $166.89.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $121.70 on Wednesday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.05 and a beta of 1.12. The company’s 50 day moving average is $146.00 and its 200 day moving average is $157.13. The company has a quick ratio of 0.21, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. Advance Auto Parts, Inc. has a 52-week low of $121.05 and a 52-week high of $231.43.

Advance Auto Parts (NYSE:AAP – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.47. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Advance Auto Parts had a net margin of 4.50{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 28.53{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. Advance Auto Parts’s revenue was up 3.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. On average, sell-side analysts anticipate that Advance Auto Parts, Inc. will post 10.66 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.93{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. The ex-dividend date is Thursday, April 13th. Advance Auto Parts’s payout ratio is 72.55{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}.

Advance Auto Parts Company Profile

(Get Rating)

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

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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Tackling AI Fleet Management | Transport Topics

Tackling AI Fleet Management | Transport Topics

Transport Topics and Getty Illustrations or photos

[Find the latest in trucking technology: Explore this quarter’s issue of iTECH]

New synthetic intel­ligence abilities promising automatic, 24/7 monitoring of trucking fleets and car or truck servicing are acquiring a blended response from trucking leaders.

Some are all in. But other folks — even if considerably impressed — are taking much more of a hold out-and-see technique.

Monthly bill Bliem, senior vice president of fleet expert services at NFI, is between all those who have noticed true gains from AI-driven fleet routine maintenance software.

“Through the use of AI, our aim is to offer our groups with far more precise and prescriptive information and facts to improve the prognosis method in our shops,” he mentioned. “We want to supply our determination-makers with facts and instruments that eventually direct to far more uptime and much less breakdowns.”

Andrew Erin, vice president of technological know-how progression at PGT Trucking, also is enthusiastic.

“Modern telematic techniques deliver an overwhelming sum of info that no team of human beings could reasonably deal with,” he claimed. “But by means of AI automation and equipment understanding algorithms, we can strategically align our inner procedures to tackle key concentrate on locations.”

Other people, like Taki Darakos, vice president of car or truck upkeep and fleet companies at Pitt Ohio, are hanging back again a little bit. Darakos mentioned he is impressed with what he has seen, but is not overly thrilled with the cost tag. Nor is he hunting ahead to the digital overhaul essential to bring in a thorough fleet-monitoring procedure driven by AI.

“AI vehicle servicing tracking appears a little highly-priced right now,” Darakos stated.

In addition, “Adding AI car upkeep tracking signifies a significant integration career.”

Mark Murrell, president of driver education firm CarriersEdge, also counts himself between the hold out-and-see group.

“AI is a great idea with a ton of likely. But there aren’t a lot of destinations where by it’s mature adequate to be relied on however,” Murrell claimed. “At some place, it will definitely be a impressive tool for helping with fleet administration — but it is not there yet.”

Jon Wildish, senior vice president at Titan Transfer, will be between the most difficult to sell on AI fleet administration.

“AI automation can have benefits in other areas of trucking. But when it arrives to working immediately with drivers, there’s no far better substitute than human make contact with,” Wildish reported. “We have all expert AI automatic devices, regardless of whether over the mobile phone or on the web. I have professional disappointment from just that very simple interaction. Now consider and handle a fleet of motorists with that procedure, and you can maximize that frustration exponentially.”

Irrespective of these varying perspectives from trucking executives, the makers of AI-run fleet administration methods are soldiering on, relentlessly making new developments in their software as AI more and more pervades almost each individual facet of computing.

The good thing is, just about all of the new AI checking devices construct on the Net of Matters technological innovation that several truckers have been working with for a long time now to remotely track vans and motorists.

The end result: These up coming-­generation AI units frequently watch and analyze all the knowledge all those IoT sensors carry in 24/7, enabling customers to respond with automatic selections and answers all over the clock.

Precise advantages that AI fleet management computer software is promising to trucking companies include things like:

  • Predictive maintenance: Offered IoT’s means to check a truck or auto down to the granular amount — like tire strain, gasoline ranges, motor effectiveness as nicely as the overall performance of each and every other procedure on the car — the addition of AI tends to make predictive servicing for just about every of those people automobiles a no-brainer.

With AI, the fleet supervisor can automatically watch the performance of each individual vehicle versus benchmark expectations on the anticipated everyday living of a element on that auto — and automatically program regimen servicing when the everyday living of that section is anticipated to expire.

That automatic analysis and automatic problem-resolving eliminates a great deal of the guesswork historically related with car or truck routine maintenance. Furthermore, the strategy gives the fleet supervisor the potential to enjoy the added benefits of securing full use of a part in the course of its anticipated daily life — instead than changing a element early for fear that it might be acquiring aged.

By spotlighting a section or process that appears to be failing earlier than envisioned, the AI-powered fleet upkeep technique can instantly inform the driver, help timetable upkeep performed at the comfort of equally the driver and the company, and make the fleet manager look awfully excellent at protecting against high-priced breakdowns.

“By making sure that our equipment is operating thoroughly on a frequent foundation, we can ­limit the threat of substantial, expensive repairs and extended downtime,” PGT’s Erin said. “Last yr, PGT partnered with Penske Truck Leasing for our complete maintenance remedies, offering our drivers entry to about 850 outlets throughout the U.S. and maximizing our preventive servicing abilities. Penske assessments and monitors the facts on our vans, alerts us of any prospective challenges and proactively repairs the unit before there is a big provider situation around the street.”

However a different edge of AI for the fleet manager is the system’s ability to ferret out a auto part or car method that is doing poorly before than expected.

When some industry leaders help this variety of AI, CarriersEdge’s Murrell is not among them.

“In observe, it’s likely developing as a great deal operate as it saves. Until eventually the AI can precisely and reliably report on what is going on, the flood of fake positives will outweigh the benefits of automated reporting,” he stated. “Over time, all the devices will get smarter and they will event­ually get to the level exactly where the positive aspects outweigh the effort of taking care of. But the marketplace doesn’t seem to be there however.”

  • Automated breakdown management: In its place of relying on a driver to make decide-up and maintenance arrangements for a vehicle that quickly breaks down en route, AI-driven IoT fleet administration permits a laptop or computer process to instantly notify a restore associate in the space that a auto is down and it requires a tow, pronto.
  • Auto-rerouting brought on by sudden highway ailments: By monitoring information about conditions on the route ahead, AI-­powered fleet administration also has the potential to auto-advise alternative routes should really a prepared route for a driver give unexpected slowdowns due to incidents, negative climate or ­other emergencies that out of the blue render a road unnavigable.
  • Monitoring driving routines: With AI, fleet administration devices can appraise a driver’s patterns and techniques in genuine time and counsel improvements when necessary. Individuals could be as basic as suggesting a a lot quicker route that could be utilized or reminders to be certain a auto is introduced in for scheduled servicing.

Pitt Ohio’s Darakos explained he has effectively utilized AI-powered cameras to assist observe motorists who pass up cease signals, roll by stoplights or interact in other dangerous driving behaviors. The monitoring is fully automatic, in that any unsafe move by a driver is flagged by the AI as an anomaly, which triggers an alert to firm staff members who monitor driver overall performance.

Cognizant that motorists could see this sort of monitoring as an unwanted nag, Darakos indicated that Pitt Ohio utilizes the checking procedure judiciously. The AI, for instance, only triggers a connect with from a human mentor when drivers are associated in severe infractions or are consistently and excessively exhibiting lousy driving practices. Plus, the system goes out of its way to figure out drivers with very secure driving patterns.

At present, the AI digital camera only faces toward the highway — despite the fact that the two-way program is able of checking the driver’s experience and system as effectively if fleets opt for to deploy that capacity. Darakos stated Pitt Ohio has made the decision to maintain off on direct camera checking of the genuine ­driver until eventually drivers are prepared for that sort of main, cultural transform.

Titan Transfer’s Wildish is also extremely upbeat on AI-run cameras in trucks. “I imagine this technology has the potential to be a activity changer for motorists — in particular for newer motorists in the industry,” he claimed. “Done correctly, AI technology can improve safe and sound driving behavior with in-taxi audible coaching for both equally favourable and negative situations.”

PGT has deployed dash cameras in its fleet to check security risks, such as inadequate subsequent distance and distracted driving, and proactively coach its motorists.

“The AI is able of discerning if the unsafe problem was prompted by our driver or by an outside the house power, like a auto who quickly cuts in entrance of our truck,” Erin stated. This technologies makes it possible for our human driver coaches to focus on certainly coachable occasions as an alternative of shelling out time filtering out false-optimistic alerts.”

No make a difference your present-day take on AI-driven fleet administration, it at the very least is truly worth checking in the small expression.

Joe Dysart is an world wide web speaker and business guide based in Manhattan. Voice: (631) 438-1142. E-mail: joe@gurutechalert.com

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Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.

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

(Get Rating)

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

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Advance Auto Parts, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Advance Auto Parts wasn’t on the list.

While Advance Auto Parts currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Advance Auto Parts, Inc. (NYSE:AAP) Shares Acquired by Cambria Investment Management L.P.

Advance Auto Parts, Inc. (NYSE:AAP) Shares Acquired by Cambria Investment Management L.P.

Cambria Investment Management L.P. lifted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 8.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,150 shares of the company’s stock after buying an additional 2,550 shares during the period. Cambria Investment Management L.P. owned approximately 0.06{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $5,183,000 as of its most recent SEC filing.

→ A gold storm is coming… (From Wall Street Watch Dogs)

A number of other institutional investors have also recently added to or reduced their stakes in AAP. Private Advisor Group LLC purchased a new position in Advance Auto Parts in the 1st quarter valued at about $232,000. MetLife Investment Management LLC lifted its position in shares of Advance Auto Parts by 21.9{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. MetLife Investment Management LLC now owns 16,965 shares of the company’s stock worth $3,511,000 after purchasing an additional 3,046 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Advance Auto Parts by 5.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,343 shares of the company’s stock worth $1,727,000 after purchasing an additional 435 shares during the last quarter. Cibc World Market Inc. raised its stake in Advance Auto Parts by 120.6{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. Cibc World Market Inc. now owns 11,593 shares of the company’s stock worth $2,399,000 after acquiring an additional 6,338 shares during the period. Finally, Blair William & Co. IL raised its stake in Advance Auto Parts by 14.4{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock worth $956,000 after acquiring an additional 582 shares during the period. 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the stock is owned by hedge funds and other institutional investors.

Advance Auto Parts Stock Down 0.5 {49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}

AAP stock traded down $0.74 during midday trading on Friday, reaching $154.50. The company had a trading volume of 64,347 shares, compared to its average volume of 869,793. The company has a market capitalization of $9.29 billion, a P/E ratio of 19.95, a PEG ratio of 1.04 and a beta of 1.11. The company has a 50 day moving average of $148.02 and a two-hundred day moving average of $167.65. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44. Advance Auto Parts, Inc. has a 1 year low of $138.52 and a 1 year high of $234.23.

Advance Auto Parts (NYSE:AAP – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.48). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate 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 expect that Advance Auto Parts, Inc. will post 12.59 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 16th were given a $1.50 dividend. The ex-dividend date was Thursday, December 15th. This represents a $6.00 annualized dividend and a yield of 3.88{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. Advance Auto Parts’s dividend payout ratio is 77.12{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AAP. Truist Financial cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating and decreased their price objective for the company from $228.00 to $147.00 in a report on Wednesday, November 16th. Argus reduced their target price on shares of Advance Auto Parts from $220.00 to $185.00 in a report on Monday, December 5th. The Goldman Sachs Group reduced their target price on shares of Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Royal Bank of Canada reduced their target price on shares of Advance Auto Parts from $199.00 to $165.00 and set a “sector perform” rating for the company in a report on Thursday, November 17th. Finally, Morgan Stanley reduced their target price on shares of Advance Auto Parts from $205.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, November 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Advance Auto Parts presently has an average rating of “Moderate Buy” and a consensus price target of $189.88.

Advance Auto Parts Company Profile

(Get Rating)

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

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Advance Auto Parts, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Advance Auto Parts wasn’t on the list.

While Advance Auto Parts currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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SCE Auto Repair Shares Benefits of Fleet Management

SCE Auto Repair Shares Benefits of Fleet Management

Press Release

Released January 30, 2023

Hilton Head, SC – SCE Automobile Fix, a top fleet servicing and auto repair store primarily based in Hilton Head Island, South Carolina, emphasizes the importance of finding a reputable support company.

Fleet management encompasses a wide range of responsibilities, such as program inspections, crisis repairs, and overhauls. It is a need to for any one in demand of a transportation enterprise, this sort of as a taxi assistance or rental vehicle enterprise. In addition, SCE Vehicle Maintenance suggests corporations may well depend on the many Gains of the Fleet Administration assistance they deliver.

Initially, it can guarantee car or truck safety, in accordance to SCE Car Repair. A fleet upkeep support can recognize and deal with any danger. In addition, fleet tracking gear can be installed on the vehicle to observe the driver’s conduct on the highway. A specialist fleet servicing provider delivers improved inspection and screening outcomes. In this method, fleet house owners can structure an acceptable preventive maintenance plan. This data notifies house owners of what need to be addressed or modified to stay clear of accidents.

A fleet maintenance assistance is also a value-efficient solution. Fleet house owners can assistance help you save revenue on repairs in the extensive operate due to the fact it detects motor complications ahead of they worsen. Diminished gasoline use is yet another benefit of possessing a fleet administration company. By making sure that their efficiency is ideal, automobiles take in much less gasoline.

In addition, regular fleet upkeep makes sure trustworthiness. Fleet entrepreneurs can avoid accidents, thereby ensuring their productiveness. Reliable service can contribute to the gratification of prospects.

On top of that, the Reputable Fleet Maintenance Products and services in Hilton Head possesses the traits of a dependable fleet servicing company. They are positioned advantageously in Hilton Head, making them remarkably accessible. The organization is available at suitable hours for consumers. Similarly, the company promises to do operate in a shorter time and for significantly less income.

Also impressive are the talents of the experts at SCE Auto Repair service. They have in depth instruction in working with varied auto varieties. In addition, they have mechanics with educational and qualified abilities with distinct automakers, with a concentration on European brand names.

SCE Auto Restore delivers an intensive selection of vehicle companies. In addition to boosting general performance, brakes, chassis, and suspension, they give companies these types of as Eu tuning, oil improvements, revenue of efficiency components, scheduled routine maintenance, and tire services. Fascinated functions may well check out https://www.sceauto.com/ for a finish checklist of solutions provided.

Appointments for Hilton Head Fleet Upkeep/ Maintenance Solutions can be made by contacting SCE Automobile Mend at 843-804-8311. They are out there on weekdays from 9 AM to 5 PM. SCE Car Repair is situated at 19 Cardinal Road, Ste. 2-A Hilton Head, SC 29926.

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For much more details about SCE Car, LLC , contact the organization right here:

SCE Automobile, LLC
Chris Arnold
843- 804- 8311
[email protected]
19 Cardinal Rd ste., 2-A Hilton Head Island, SC 29926

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