Advance Auto Parts (AAP) Earning Somewhat Positive News Coverage, Report Finds

Cornelia Mascio
Dicembre 6, 2017

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. It improved, as 69 investors sold Advance Auto Parts, Inc. shares while 122 reduced holdings.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAP. Royal Bank Of Canada reduced their price objective on Advance Auto Parts from $125.00 to $102.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 16th. (NYSE:AAP). Aperio Grp Inc holds 0.02% or 21,871 shares. (NYSE:AAP). Voloridge Investment Mngmt Ltd Limited Liability Company holds 0.84% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Fjarde Ap stated it has 18,382 shares.

LS Investment Advisors LLC boosted its stake in Advance Auto Parts, Inc. Barclays Capital maintained the shares of AAP in report on Monday, May 29 with "Sell" rating. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. Jennison Lc has 479,131 shares for 0.06% of their portfolio. Causeway Capital Mngmt Llc, a California-based fund reported 1.69 million shares. 408.62 million shares or 0.87% less from 412.20 million shares in 2017Q1 were reported. Geode Capital Mgmt Lc owns 795,642 shares. Following the purchase, the director now owns 4,398 shares in the company, valued at $581,327.64. Jennison Associates LLC now owns 594,812 shares of the company's stock valued at $59,005,000 after purchasing an additional 115,681 shares during the period.

Willis Investment Counsel decreased Advance Auto Parts Inc (AAP) stake by 6.76% reported in 2017Q2 SEC filing. (NYSE:AAP) or 3,315 shares. ACR Alpine Capital Research LLC acquired a new position in shares of Advance Auto Parts during the 3rd quarter valued at about $91,021,000.

Analysts at Moffett Nathanson has initiated coverage for shares of Advance Auto Parts (NYSE:AAP) in analysts report sent to investors on Monday morning. The stock of Advance Auto Parts, Inc.

Advance Auto Parts, Inc.

Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks.

But it's not just buying activity that is creating investor interest in AAP; over the last several weeks, several insiders have sold shares. Carnival Corporation has $76.0 highest and $48 lowest target. Advance Auto Parts now has a consensus rating of "Hold" and a consensus target price of $104.89. The stock has "Outperform" rating by RBC Capital Markets on Thursday, May 25. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. RBC Capital Markets has "Outperform" rating and $170 target. RBC Capital Markets maintained the shares of AAP in report on Wednesday, November 15 with "Outperform" rating.

In the most updated research from a number of analysts on Wall Street, the company gets 30 Buys and 0 Sell among 32 analysts. Stifel Nicolaus maintained Carnival Corporation (NYSE:CCL) rating on Thursday, June 22. As per Wednesday, October 19, the company rating was maintained by BTIG Research. Citigroup maintained it with "Neutral" rating and $145 target in Friday, May 20 report. If the published price targets set by Comcast Corporation analysts have any power to influence the stock's share price, the highest price target set for CMCSA is $51. The day began at US$1.43 but the price moved to US$1.37 at one point during the trading and finally capitulating to a session high of US$1.47. (NYSE:AAP) has risen 5.52% since December 5, 2016 and is uptrending. It has underperformed by 11.18% the S&P500. Advance Auto Parts Inc. had 87 analyst reports since August 5, 2015 according to SRatingsIntel. Eos Focused Equity Management L.P. now owns 37,091 shares of the company's stock worth $5,531,000 after buying an additional 6,749 shares during the last quarter. The firm offers batteries and battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wired, radiators and cooling parts, starters and alternators, and steering and alignment parts. It also offers AC chemicals and accessories, air fresheners, antifreeze and washer fluids, electrical wires and fuses, electronics, hand and specialty tools, lighting products, performance parts, sealants, adhesives and compounds, tire fix accessories, vent shades, mirrors and exterior accessories, washes, waxes and cleaning supplies, and wiper blades, as well as floor mats, seat covers, and interior accessories. Advance Auto Parts's revenue was down 3.0% compared to the same quarter past year. State Of Alaska Department Of Revenue reported 0.01% of its portfolio in Advance Auto Parts, Inc.

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