Advisors Capital Administration LLC raised its stake in shares of Advance Auto Elements, Inc. (NYSE:AAP – Get Score) by 14.3% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities & Alternate Fee. The fund owned 56,931 shares of the corporate’s inventory after buying an extra 7,139 shares in the course of the interval. Advisors Capital Administration LLC owned 0.09% of Advance Auto Elements value $10,463,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
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A number of different hedge funds and different institutional buyers have additionally made adjustments to their positions within the inventory. Kentucky Retirement Techniques Insurance coverage Belief Fund boosted its holdings in shares of Advance Auto Elements by 4.1% in the course of the third quarter. Kentucky Retirement Techniques Insurance coverage Belief Fund now owns 2,173 shares of the corporate’s inventory valued at $340,000 after buying an extra 86 shares over the last quarter. Kentucky Retirement Techniques lifted its holdings in shares of Advance Auto Elements by 4.7% within the third quarter. Kentucky Retirement Techniques now owns 4,747 shares of the corporate’s inventory valued at $742,000 after buying an extra 213 shares over the last quarter. Balyasny Asset Administration LLC lifted its holdings in shares of Advance Auto Elements by 4,881.8% within the third quarter. Balyasny Asset Administration LLC now owns 477,160 shares of the corporate’s inventory valued at $74,600,000 after buying an extra 467,582 shares over the last quarter. Baird Monetary Group Inc. lifted its holdings in shares of Advance Auto Elements by 22.5% within the third quarter. Baird Monetary Group Inc. now owns 15,756 shares of the corporate’s inventory valued at $2,463,000 after buying an extra 2,889 shares over the last quarter. Lastly, Neo Ivy Capital Administration purchased a brand new place in shares of Advance Auto Elements within the third quarter valued at about $254,000. Institutional buyers personal 96.04% of the corporate’s inventory.
Analysts Set New Value Targets
Quite a few brokerages lately commented on AAP. Wells Fargo & Firm lowered their value goal on shares of Advance Auto Elements from $180.00 to $150.00 and set an “equal weight” score for the corporate in a report on Thursday, January fifth. UBS Group downgraded shares of Advance Auto Elements from a “purchase” score to a “impartial” score and lowered their value goal for the corporate from $230.00 to $182.00 in a report on Wednesday, November sixteenth. DA Davidson decreased their value goal on shares of Advance Auto Elements from $170.00 to $142.00 and set a “impartial” score for the corporate in a analysis be aware on Wednesday, March 1st. Evercore ISI raised their value goal on shares of Advance Auto Elements to $160.00 in a analysis be aware on Tuesday, February seventh. Lastly, Roth Capital reissued a “impartial” score and issued a $140.00 value goal (down beforehand from $180.00) on shares of Advance Auto Elements in a analysis be aware on Monday, February thirteenth. One funding analyst has rated the inventory with a promote score, twelve have assigned a maintain score, 4 have issued a purchase score and one has given a powerful purchase score to the corporate. In accordance with MarketBeat, the corporate has a consensus score of “Maintain” and a median value goal of $166.89.
Advance Auto Elements Inventory Efficiency
Shares of AAP inventory opened at $121.70 on Wednesday. The agency 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 corporate’s 50 day transferring common is $146.00 and its 200 day transferring common is $157.13. The corporate has a fast ratio of 0.21, a present ratio of 1.13 and a debt-to-equity ratio of 0.44. Advance Auto Elements, Inc. has a 52-week low of $121.05 and a 52-week excessive of $231.43.
Advance Auto Elements (NYSE:AAP – Get Score) final issued its quarterly earnings knowledge 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. The corporate had income of $2.47 billion for the quarter, in comparison with analyst estimates of $2.42 billion. Advance Auto Elements had a web margin of 4.50% and a return on fairness of 28.53%. Advance Auto Elements’s income was up 3.2% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the corporate posted $2.07 earnings per share. On common, sell-side analysts anticipate that Advance Auto Elements, Inc. will publish 10.66 EPS for the present fiscal yr.
Advance Auto Elements Dividend Announcement
The agency additionally lately disclosed a quarterly dividend, which will likely be paid on Friday, April twenty eighth. Buyers of file on Friday, April 14th will likely be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, April thirteenth. Advance Auto Elements’s payout ratio is 72.55%.
Advance Auto Elements Firm Profile
Advance Auto Elements, Inc engages within the provide and distribution of aftermarket automotive merchandise for each skilled installers and do-it-yourself clients. It operates by way of the next segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Elements provides alternative components, efficiency components, equipment, oil and fluids, engine components, brakes, batteries, equipment, and instruments and storage.
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