Dana Funding Advisors Inc. Has $8.43 Million Holdings in Advance Auto Components, Inc. (NYSE:AAP)

Dana Funding Advisors Inc. lifted its holdings in Advance Auto Components, Inc. (NYSE:AAP – Get Score) by 2.9% through the third quarter, in accordance with its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 53,931 shares of the corporate’s inventory after buying a further 1,534 shares through the quarter. Dana Funding Advisors Inc. owned roughly 0.09% of Advance Auto Components price $8,432,000 on the finish of the newest reporting interval.

→ Uncommon Passive Revenue Funding (Discovered on a Golf Course) (From Oxford Membership)

A number of different institutional buyers and hedge funds have additionally modified their holdings of the enterprise. Vanguard Group Inc. boosted its holdings in shares of Advance Auto Components by 4.0% within the third quarter. Vanguard Group Inc. now owns 7,291,395 shares of the corporate’s inventory price $1,139,936,000 after buying a further 277,906 shares within the final quarter. Clearbridge Investments LLC raised its place in Advance Auto Components by 3.6% within the 1st quarter. Clearbridge Investments LLC now owns 3,313,689 shares of the corporate’s inventory price $685,801,000 after buying a further 114,789 shares over the last quarter. JPMorgan Chase & Co. raised its place in Advance Auto Components by 22.4% within the 2nd quarter. JPMorgan Chase & Co. now owns 2,636,189 shares of the corporate’s inventory price $456,297,000 after buying a further 482,858 shares over the last quarter. Invesco Ltd. raised its place in Advance Auto Components by 10.8% within the 1st quarter. Invesco Ltd. now owns 1,018,797 shares of the corporate’s inventory price $210,850,000 after buying a further 99,400 shares over the last quarter. Lastly, Dimensional Fund Advisors LP raised its place in Advance Auto Components by 2.5% within the third quarter. Dimensional Fund Advisors LP now owns 858,038 shares of the corporate’s inventory price $134,168,000 after buying a further 20,904 shares over the last quarter. 96.04% of the inventory is owned by institutional buyers and hedge funds.

Wall Avenue Analyst Weigh In

A number of analysts have commented on the inventory. Stephens dropped their goal worth on shares of Advance Auto Components from $196.00 to $164.00 and set an “equal weight” score for the corporate in a analysis report on Monday, November twenty first. Raymond James lowered their worth goal on shares of Advance Auto Components from $200.00 to $180.00 and set a “strong-buy” score for the corporate in a analysis word on Wednesday, March 1st. Evercore ISI upped their goal worth on shares of Advance Auto Components to $160.00 in a report on Tuesday, February seventh. Roth Capital reaffirmed a “impartial” score and issued a $140.00 goal worth (down from $180.00) on shares of Advance Auto Components in a report on Monday, February thirteenth. Lastly, Wells Fargo & Firm lowered their worth goal on shares of Advance Auto Components from $180.00 to $150.00 and set an “equal weight” score on the inventory in a report on Thursday, January fifth. One analyst has rated the inventory with a promote score, eleven have given a maintain score, 4 have given a purchase score and one has issued a powerful purchase score to the inventory. In response to knowledge from MarketBeat.com, Advance Auto Components presently has a mean score of “Maintain” and a mean goal worth of $166.89.

Advance Auto Components Inventory Down 0.9 %

AAP traded down $1.18 throughout noon buying and selling on Friday, hitting $128.65. The corporate had a buying and selling quantity of 333,753 shares, in comparison with its common quantity of 1,165,180. Advance Auto Components, Inc. has a 52 week low of $127.55 and a 52 week excessive of $231.43. The corporate has a fast ratio of 0.21, a present ratio of 1.13 and a debt-to-equity ratio of 0.44. The corporate has a market capitalization of $7.63 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.09 and a beta of 1.12. The inventory’s 50 day shifting common worth is $147.43 and its 200 day shifting common worth is $158.83.

Advance Auto Components (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 analysts’ consensus estimates of $2.41 by $0.47. The agency had income of $2.47 billion through the quarter, in comparison with analysts’ expectations of $2.42 billion. Advance Auto Components had a internet margin of 4.50% and a return on fairness of 28.53%. The enterprise’s income was up 3.2% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate earned $2.07 earnings per share. On common, analysis analysts anticipate that Advance Auto Components, Inc. will publish 10.66 earnings per share for the present fiscal 12 months.

Advance Auto Components Dividend Announcement

The agency additionally not too long ago disclosed a quarterly dividend, which can be paid on Friday, April twenty eighth. Stockholders of file on Friday, April 14th can be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized foundation and a dividend yield of 4.66%. The ex-dividend date is Thursday, April thirteenth. Advance Auto Components’s dividend payout ratio is at present 72.55%.

About Advance Auto Components

(Get Score)

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 by the next segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Components provides substitute components, efficiency components, equipment, oil and fluids, engine components, brakes, batteries, equipment, and instruments and storage.

Featured Tales

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

Earlier than you think about Advance Auto Components, you’ll need to hear this.

MarketBeat retains monitor of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Advance Auto Components wasn’t on the listing.

Whereas Advance Auto Components at present has a “Maintain” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The 5 Shares Right here