SG Americas Securities LLC Sells 1,435 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

SG Americas Securities LLC decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 27.3% in the 3rd quarter, Holdings Channel reports. The firm owned 3,827 shares of the company’s stock after selling 1,435 shares during the quarter. SG Americas Securities LLC’s holdings in Advance Auto Parts were worth $598,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Horan Securities Inc. grew its position in Advance Auto Parts by 4.4% in the 2nd quarter. Horan Securities Inc. now owns 1,249 shares of the company’s stock valued at $235,000 after purchasing an additional 53 shares during the period. Wedbush Securities Inc. raised its stake in Advance Auto Parts by 2.5% in the 2nd quarter. Wedbush Securities Inc. now owns 2,227 shares of the company’s stock valued at $385,000 after acquiring an additional 54 shares during the period. Trust Co. of Vermont grew its holdings in Advance Auto Parts by 1.7% during the 2nd quarter. Trust Co. of Vermont now owns 3,630 shares of the company’s stock valued at $628,000 after buying an additional 59 shares in the last quarter. Empirical Finance LLC grew its holdings in Advance Auto Parts by 5.2% during the 2nd quarter. Empirical Finance LLC now owns 1,345 shares of the company’s stock valued at $233,000 after buying an additional 66 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Advance Auto Parts by 1.5% during the 3rd quarter. Mackenzie Financial Corp now owns 5,110 shares of the company’s stock valued at $799,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

Advance Auto Parts Trading Up 2.9 %

Shares of NYSE AAP opened at $147.49 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $149.30 and a two-hundred day simple moving average of $169.57. The firm has a market cap of $8.87 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.15. Advance Auto Parts, Inc. has a twelve month low of $138.52 and a twelve month high of $237.39.

Advance Auto Parts (NYSE:AAPGet Rating) last released its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.48). Advance Auto Parts had a return on equity of 25.97% and a net margin of 4.30%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.66 billion. Analysts expect that Advance Auto Parts, Inc. will post 12.59 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were paid a $1.50 dividend. The ex-dividend date was Thursday, December 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.07%. Advance Auto Parts’s payout ratio is 77.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, January 5th. The Goldman Sachs Group lowered their price objective on Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating for the company in a research report on Thursday, November 17th. Stephens lowered their price objective on Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. Citigroup downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $216.00 to $161.00 in a report on Thursday, November 17th. Finally, Morgan Stanley decreased their price objective on Advance Auto Parts from $205.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, November 17th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $190.00.

Advance Auto Parts Profile

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Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

See Also

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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