Lionstone Capital Administration LLC diminished its stake in Advance Auto Elements, Inc. (NYSE:AAP – Get Score) by 26.2% throughout the third quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities and Change Fee. The institutional investor owned 35,000 shares of the corporate’s inventory after promoting 12,400 shares throughout the interval. Advance Auto Elements makes up about 2.3% of Lionstone Capital Administration LLC’s holdings, making the inventory its thirteenth largest holding. Lionstone Capital Administration LLC owned about 0.06% of Advance Auto Elements price $5,472,000 as of its most up-to-date submitting with the Securities and Change Fee.
→ Financial institution Accounts: Frozen! (From Weiss Rankings)
A number of different hedge funds have additionally modified their holdings of the inventory. Marshall Wace LLP acquired a brand new stake in shares of Advance Auto Elements within the third quarter valued at $15,689,000. ETF Managers Group LLC elevated its holdings in Advance Auto Elements by 4.6% within the third quarter. ETF Managers Group LLC now owns 3,331 shares of the corporate’s inventory valued at $521,000 after shopping for a further 148 shares over the past quarter. Echo Avenue Capital Administration LLC elevated its holdings in Advance Auto Elements by 17.4% within the third quarter. Echo Avenue Capital Administration LLC now owns 1,926 shares of the corporate’s inventory valued at $301,000 after shopping for a further 286 shares over the past quarter. Ensign Peak Advisors Inc elevated its holdings in Advance Auto Elements by 2.2% within the third quarter. Ensign Peak Advisors Inc now owns 89,482 shares of the corporate’s inventory valued at $13,988,000 after shopping for a further 1,960 shares over the past quarter. Lastly, First Manhattan Co. elevated its holdings in Advance Auto Elements by 27.2% within the third quarter. First Manhattan Co. now owns 6,085 shares of the corporate’s inventory valued at $951,000 after shopping for a further 1,300 shares over the past quarter. 96.04% of the inventory is presently owned by institutional traders and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts just lately commented on the corporate. Wells Fargo & Firm dropped their goal worth on Advance Auto Elements from $180.00 to $150.00 and set an “equal weight” ranking on the inventory in a report on Thursday, January fifth. Citigroup dropped their worth goal on Advance Auto Elements from $159.00 to $153.00 and set a “impartial” ranking on the inventory in a report on Wednesday. Barclays began protection on Advance Auto Elements in a report on Tuesday, February seventh. They set an “underweight” ranking and a $145.00 worth goal on the inventory. Raymond James decreased their goal worth on shares of Advance Auto Elements from $200.00 to $180.00 and set a “strong-buy” ranking for the corporate in a analysis be aware on Wednesday. Lastly, DA Davidson decreased their goal worth on shares of Advance Auto Elements from $170.00 to $142.00 and set a “impartial” ranking for the corporate in a analysis be aware on Wednesday. One analysis analyst has rated the inventory with a promote ranking, eleven have issued a maintain ranking, 4 have assigned a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, Advance Auto Elements has a median ranking of “Maintain” and a consensus goal worth of $166.89.
Advance Auto Elements Buying and selling Down 0.8 %
AAP inventory traded down $1.11 throughout noon buying and selling on Friday, hitting $138.10. The inventory had a buying and selling quantity of 954,006 shares, in comparison with its common quantity of 1,143,436. Advance Auto Elements, Inc. has a 12-month low of $137.00 and a 12-month excessive of $231.43. The corporate’s 50-day transferring common worth is $148.57 and its 200 day transferring common worth is $161.55. The agency has a market cap of $8.19 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 1.13 and a fast ratio of 0.23.
Advance Auto Elements (NYSE:AAP – Get Score) final introduced its quarterly earnings information on Tuesday, February twenty eighth. The corporate reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.47. Advance Auto Elements had a web margin of 4.50% and a return on fairness of 28.53%. The corporate had income of $2.47 billion throughout the quarter, in comparison with analysts’ expectations of $2.42 billion. Throughout the identical interval within the earlier 12 months, the corporate earned $2.07 EPS. The enterprise’s quarterly income was up 3.2% in comparison with the identical quarter final 12 months. On common, equities analysis analysts predict that Advance Auto Elements, Inc. will publish 10.81 earnings per share for the present fiscal 12 months.
Advance Auto Elements Declares Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which shall be paid on Friday, April twenty eighth. Stockholders of report on Friday, April 14th shall be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, April thirteenth. This represents a $6.00 annualized dividend and a dividend yield of 4.34%. Advance Auto Elements’s dividend payout ratio is presently 72.55%.
Advance Auto Elements Profile
Advance Auto Elements, Inc engages within the provide and distribution of aftermarket automotive merchandise for each skilled installers and do-it-yourself prospects. It operates by the next segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Elements affords alternative components, efficiency components, equipment, oil and fluids, engine components, brakes, batteries, equipment, and instruments and storage.
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