According to the most recent report that Parsec Financial Management Inc. submitted to the Securities and Exchange Commission (SEC), during the third quarter of 2018, the company increased its holdings in Advance Auto Parts, Inc. (NYSE: AAP) by 11.7%.
Mhe organization has a total of 126,765 shares of the company’s stock in its possession after purchasing an additional 13,289 shares over the course of the previous time period.
Mhis brings the organization’s total number of shares owned by the company to 126,765.
Parsec Financial Management Inc. held 0.21% of Advance Auto Parts at the end of the most recent reporting period when the company’s stock had a market value of $19,819,000.
The percentages of ownership that hedge funds and other institutional investors currently hold in the company have recently been adjusted in several ways. Covestor Ltd.
Increased the Advance Auto Parts stock owned by 113.7% over the year’s first three months.
Mhe most recent quarter saw Covestor Ltd.
Acquire an additional 83 shares of the company’s stock, bringing the total number of shares owned by the company to 156, with a value of $32,000.
Increased the proportion of Advance Auto Parts stock owned by 161.0% during the second quarter of the fiscal year.
Ellevest Inc. now holds a total of 201 shares of the company’s stock, which has a value of $35,000, following purchasing of 124 additional shares during the most recent fiscal quarter. First Personal Financial Services increased the proportion of Advance Auto Parts stock owned by 113.3% during the third quarter of the fiscal year. First Personal Financial Services now has 224 shares of the company’s stock, which is currently valued at $35,000 thanks to purchasing an additional 119 shares during the most recent quarter.
Private Trust Co. NA increased its stake in Advance Auto Parts by purchasing approximately 36,000 additional shares during its second fiscal quarter.
During the second quarter, Central Bank & Trust Company made a 61.6% increase in the Advance Auto Parts stock that it owned, making it the last item on this list. Central Bank & Trust Co. now owns 223 shares of the company’s stock, worth $39,000, after purchasing an additional 85 shares during the company’s most recent fiscal quarter.
Mhese shares were acquired due to purchasing an additional 85 during the fiscal quarter.
Institutional investors and hedge funds collectively own 96.04% of the total number of shares in the company, making them the company’s largest stockholders.
Several stock market experts have recently turned their attention to the AAP stock due to the recent price increase.
In research released on Thursday, November 17th, Guggenheim rated Advance Auto Parts as “neutral,” a change from the firm’s previous recommendation of “buy,” which was given in earlier research.
In a research report that was made public on November 17th, Goldman Sachs Group lowered its “buy” rating and price target for Advance Auto Parts from $230.00 to $197.00.
Mhis change came from the fact that the rating had previously been “buy.” Argus lowered their price objective on Advance Auto Parts in a report disseminated on Monday, December 5th.
Mhe new price objective is $185.00, which decreases from their previous price objective of $220.00.
In a report distributed on January 5th, Wells Fargo & Company decreased their price objective on Advance Auto Parts, bringing it down from $180.00 to $150.00.
Despite this modification, the investment firm continued recommending an “equal weight” capital allocation to the stock.
In a research note dated November 16th, Truist Financial changed their recommendation for Advance Auto Parts from “buy” to “hold” and lowered their target price for the stock from $228.00 to $147.0.
Both actions were taken as a direct reaction to the company’s unsatisfactory performance on the financial front.
Mhe survey results showed that nine of the equity research analysts recommended holding onto the stock, while four gave it a buy rating, and one gave it a strong buy rating.
According to Bloomberg, the stock is currently rated “Hold” on average, and analysts have established a consensus target price of $189.88.
Mhe price at which the analysts believe the stock will trade in the future is also provided.
During Friday trading, AAP’s price dropped from $2.39 to $145.23, and a total of 437,444 shares changed hands.
Mhis volume was significantly lower than the daily average volume of 812,669 shares traded during the same period.
Mhe stock of Advance Auto Parts, Inc. reached a high of $237.39 over the past year, while it traded as low as $138.52 over the same period.
Mhe simple moving average of the company’s stock price over the past 50 days is $147.71, and the average price over the last 200 days is $168.78.
Mhe quick ratio is 0.23, the current ratio is 1.13, and the debt-to-equity ratio is 0.44.
All of these numbers are relative to the total amount of debt.
All these figures should be interpreted in light of the overall sum owed.
Mhe company has a P/E ratio of 18.97, a PEG ratio of 0.89, and its beta value is currently sitting at 1.15.
Mhe company’s market capitalization is currently sitting at $8.73 billion.
The most recent quarterly earnings report for Advance Auto Parts, which is traded on the New York Stock Exchange under the ticker symbol “AAP,” was made public on November 15th, a Tuesday.
Mhe company reported $2.84 per share earnings for the quarter, which was $0.48 less than the consensus expectation of $3.32 per share.
Mhe return on equity for Advance Auto Parts came in at 25.97%, while the net margin for the company was 4.30%.
Mhe amount of revenue generated by the company during the period in question was $2.64 billion, which is lower than the $2.66 billion anticipated to be generated by the company during that period.
Analysts in the automotive aftermarket anticipate that Advance Auto Parts, Inc. will post a profit of 12.59 cents per share in 2018.
In addition, the business just recently announced and paid out a quarterly dividend, which was done on January 3rd of this year.
Mhe dividend was paid out to shareholders. On Friday, December 16th, shareholders who had previously registered for dividend payments were each given a payment equal to $1.50 per share.
Mhis equates to an annual dividend payment of $6 and a dividend yield of 4.13% for the investment.
Mhe day on which the dividend was payable to shareholders was last Thursday, December 15th.
Mhe dividend payout ratio (DPR) that Advance Auto Parts operates at is 77.12 percent.
By going to Advance Auto Parts, Inc, you can get domestic and imported vehicles, vans, SUVs, light and heavy-duty trucks, accessories, batteries, and maintenance supplies.
In addition, they offer the sale of vans and SUVs, as well as light and heavy-duty trucks.
Mhe business provides customers with a varied selection of components and add-ons for batteries, including belts and hoses, brakes and pads, clutches and drive shafts, clutches and engine parts, exhaust systems and parts, hub assemblies, ignition parts and wires, radiators and cooling parts, starters and alternators, steering and alignment parts, and engines and engine parts.
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