Arkadios Wealth Advisors lifted its holdings in shares of Advance Auto Components, Inc. (NYSE:AAP – Get Score) by 27.1% within the fourth quarter, in line with the corporate in its most up-to-date submitting with the Securities & Change Fee. The fund owned 10,515 shares of the corporate’s inventory after shopping for an extra 2,240 shares throughout the interval. Arkadios Wealth Advisors’ holdings in Advance Auto Components have been price $1,546,000 on the finish of the latest reporting interval.
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Different institutional buyers have additionally modified their holdings of the corporate. Covestor Ltd grew its place in shares of Advance Auto Components by 113.7% throughout the 1st quarter. Covestor Ltd now owns 156 shares of the corporate’s inventory valued at $32,000 after shopping for an extra 83 shares over the last quarter. First Private Monetary Companies grew its place in shares of Advance Auto Components by 113.3% throughout the third quarter. First Private Monetary Companies now owns 224 shares of the corporate’s inventory valued at $35,000 after shopping for an extra 119 shares over the last quarter. Personal Belief Co. NA purchased a brand new stake in shares of Advance Auto Components throughout the 2nd quarter valued at about $36,000. AllSquare Wealth Administration LLC purchased a brand new stake in shares of Advance Auto Components throughout the 2nd quarter valued at about $43,000. Lastly, Basic Companion Inc. purchased a brand new stake in shares of Advance Auto Components throughout the 4th quarter valued at about $44,000. Institutional buyers personal 96.04% of the corporate’s inventory.
Advance Auto Components Inventory Down 2.2 %
AAP inventory opened at $119.40 on Friday. Advance Auto Components, Inc. has a 12 month low of $117.89 and a 12 month excessive of $231.43. The agency has a market cap of $7.08 billion, a PE ratio of 14.44, a P/E/G ratio of 1.00 and a beta of 1.12. The agency has a 50 day easy shifting common of $144.08 and a 200 day easy shifting common of $156.19. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 1.13 and a fast ratio of 0.21.
Advance Auto Components (NYSE:AAP – Get Score) final launched its earnings outcomes on Tuesday, February twenty eighth. The corporate reported $2.88 EPS for the quarter, beating the consensus estimate of $2.41 by $0.47. Advance Auto Components had a internet margin of 4.50% and a return on fairness of 28.53%. The enterprise had income of $2.47 billion throughout the quarter, in comparison with analyst estimates of $2.42 billion. Throughout the identical interval within the prior 12 months, the enterprise earned $2.07 earnings per share. The enterprise’s quarterly income was up 3.2% on a year-over-year foundation. Equities analysis analysts forecast that Advance Auto Components, Inc. will submit 10.65 earnings per share for the present fiscal 12 months.
Advance Auto Components Declares Dividend
The agency additionally lately introduced a quarterly dividend, which can be paid on Friday, April twenty eighth. Buyers of report on Friday, April 14th can be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, April thirteenth. Advance Auto Components’s dividend payout ratio is presently 72.55%.
Wall Avenue Analyst Weigh In
A number of analysis corporations have commented on AAP. Roth Mkm lower shares of Advance Auto Components from a “purchase” score to a “impartial” score and decreased their goal worth for the inventory from $180.00 to $140.00 in a analysis report on Monday, February thirteenth. StockNews.com started protection on shares of Advance Auto Components in a analysis report on Thursday. They issued a “purchase” score for the corporate. DA Davidson decreased their goal worth on shares of Advance Auto Components from $170.00 to $142.00 and set a “impartial” score for the corporate in a analysis report on Wednesday, March 1st. Evercore ISI upped their goal worth on shares of Advance Auto Components to $160.00 in a analysis report on Tuesday, February seventh. Lastly, Roth Capital restated a “impartial” score and issued a $140.00 goal worth (down beforehand from $180.00) on shares of Advance Auto Components in a analysis report on Monday, February thirteenth. One equities analysis analyst has rated the inventory with a promote score, twelve have issued a maintain score, 4 have issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In line with MarketBeat.com, the inventory presently has a mean score of “Maintain” and a consensus worth goal of $166.89.
About Advance Auto Components
Advance Auto Components, Inc engages within the provide and distribution of aftermarket automotive merchandise for each skilled installers and do-it-yourself prospects. It operates via the next segments: Advance Auto Components/Carquest U.S., Carquest Canada, Worldpac, and Independents. The corporate was based by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
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