Fifth Third Bancorp decreased its holdings in Advance Auto Components, Inc. (NYSE:AAP – Get Score) by 41.3% through the 4th quarter, based on the corporate in its most up-to-date submitting with the SEC. The fund owned 14,011 shares of the corporate’s inventory after promoting 9,871 shares through the interval. Fifth Third Bancorp’s holdings in Advance Auto Components had been value $2,060,000 as of its most up-to-date SEC submitting.
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A number of different hedge funds and different institutional traders additionally lately modified their holdings of the enterprise. Xponance Inc. elevated its stake in shares of Advance Auto Components by 16.6% within the 4th quarter. Xponance Inc. now owns 9,193 shares of the corporate’s inventory valued at $1,352,000 after buying an extra 1,308 shares over the past quarter. Inlet Non-public Wealth LLC elevated its stake in shares of Advance Auto Components by 46.2% within the 4th quarter. Inlet Non-public Wealth LLC now owns 28,640 shares of the corporate’s inventory valued at $4,211,000 after buying an extra 9,050 shares over the past quarter. Ceredex Worth Advisors LLC elevated its stake in shares of Advance Auto Components by 36.2% within the 4th quarter. Ceredex Worth Advisors LLC now owns 247,750 shares of the corporate’s inventory valued at $36,747,000 after buying an extra 65,869 shares over the past quarter. Silvant Capital Administration LLC purchased a brand new stake in Advance Auto Components through the 4th quarter value $50,000. Lastly, DAVENPORT & Co LLC grew its place in Advance Auto Components by 4.9% through the 4th quarter. DAVENPORT & Co LLC now owns 8,261 shares of the corporate’s inventory value $1,215,000 after buying an extra 389 shares over the past quarter. Institutional traders personal 96.04% of the corporate’s inventory.
Advance Auto Components Inventory Up 0.4 %
Shares of NYSE:AAP opened at $120.69 on Friday. The corporate has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.00 and a beta of 1.10. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 1.13 and a fast ratio of 0.21. The enterprise’s 50-day shifting common is $134.67 and its 200-day shifting common is $150.55. Advance Auto Components, Inc. has a 1 12 months low of $109.05 and a 1 12 months excessive of $231.43.
Advance Auto Components (NYSE:AAP – Get Score) final introduced 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. Advance Auto Components had a return on fairness of 28.53% and a web margin of 4.50%. The corporate had income of $2.47 billion for the quarter, in comparison with the consensus estimate of $2.42 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $2.07 EPS. The agency’s income was up 3.2% in comparison with the identical quarter final 12 months. Equities analysis analysts predict that Advance Auto Components, Inc. will submit 10.64 earnings per share for the present 12 months.
Advance Auto Components Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which will likely be paid on Friday, April twenty eighth. Traders of file on Friday, April 14th will likely be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized foundation and a yield of 4.97%. The ex-dividend date is Thursday, April thirteenth. Advance Auto Components’s dividend payout ratio (DPR) is at present 72.55%.
Analyst Scores Adjustments
Various equities analysis analysts lately weighed in on AAP shares. Roth Capital restated a “impartial” score and set a $140.00 value goal (down beforehand from $180.00) on shares of Advance Auto Components in a analysis report on Monday, February thirteenth. Morgan Stanley decreased their value goal on Advance Auto Components from $165.00 to $155.00 and set an “equal weight” score on the inventory in a analysis report on Wednesday, March 1st. Raymond James decreased their value goal on Advance Auto Components from $200.00 to $180.00 and set a “strong-buy” score on the inventory in a analysis report on Wednesday, March 1st. DA Davidson decreased their value goal on Advance Auto Components from $170.00 to $142.00 and set a “impartial” score on the inventory in a analysis report on Wednesday, March 1st. Lastly, Citigroup decreased their value goal on Advance Auto Components from $159.00 to $153.00 and set a “impartial” score on the inventory in a analysis report on Wednesday, March 1st. 13 analysis analysts have rated the inventory with a maintain score, 4 have given a purchase score and one has issued a robust purchase score to the corporate. Primarily based on knowledge from MarketBeat, the corporate presently has a median score of “Maintain” and a consensus value goal of $166.00.
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 clients. It operates by means of 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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