Replacement Parts

Advance Auto Elements, Inc. (NYSE:AAP) Receives Common Advice of “Maintain” from Brokerages

Shares of Advance Auto Elements, Inc. (NYSE:AAP – Get Ranking) have been assigned a mean ranking of “Maintain” from the seventeen analysts which might be presently overlaying the corporate, MarketBeat Rankings experiences. 9 analysts have rated the inventory with a maintain suggestion, 4 have issued a purchase suggestion and one has issued a powerful purchase suggestion on the corporate. The common twelve-month worth goal amongst analysts which have issued a report on the inventory within the final 12 months is $188.73.

A number of brokerages not too long ago weighed in on AAP. Wedbush decreased their worth goal on Advance Auto Elements from $200.00 to $165.00 and set an “outperform” ranking on the inventory in a analysis observe on Wednesday, November sixteenth. Stephens dropped their worth goal on Advance Auto Elements from $196.00 to $164.00 and set an “equal weight” ranking on the inventory in a analysis report on Monday, November twenty first. UBS Group downgraded Advance Auto Elements from a “purchase” ranking to a “impartial” ranking and lowered their goal worth for the corporate from $230.00 to $182.00 in a report on Wednesday, November sixteenth. Argus lowered their goal worth on Advance Auto Elements from $220.00 to $185.00 in a report on Monday, December fifth. Lastly, Raymond James decreased their worth goal on Advance Auto Elements from $210.00 to $200.00 and set a “strong-buy” ranking on the inventory in a analysis observe on Thursday, November seventeenth.

Institutional Traders Weigh In On Advance Auto Elements

A number of hedge funds and different institutional traders have not too long ago made adjustments to their positions in AAP. B. Riley Wealth Advisors Inc. boosted its place in shares of Advance Auto Elements by 18.6% in the course of the third quarter. B. Riley Wealth Advisors Inc. now owns 1,556 shares of the corporate’s inventory value $244,000 after shopping for an extra 244 shares in the course of the interval. Academics Retirement System of The State of Kentucky acquired a brand new stake in shares of Advance Auto Elements in the course of the third quarter value about $916,000. Seaport World Advisors LLC elevated its place in shares of Advance Auto Elements by 53.2% in the course of the third quarter. Seaport World Advisors LLC now owns 461 shares of the corporate’s inventory value $72,000 after buying an extra 160 shares within the final quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Advance Auto Elements by 10.4% in the course of the third quarter. VisionPoint Advisory Group LLC now owns 3,740 shares of the corporate’s inventory value $585,000 after shopping for an extra 352 shares over the past quarter. Lastly, Advisors Capital Administration LLC grew its holdings in shares of Advance Auto Elements by 14.3% in the course of the third quarter. Advisors Capital Administration LLC now owns 56,931 shares of the corporate’s inventory value $10,463,000 after shopping for an extra 7,139 shares over the past quarter. Institutional traders and hedge funds personal 96.04% of the corporate’s inventory.

Advance Auto Elements Inventory Up 0.5 %

Shares of AAP opened at $147.03 on Monday. The agency has a market cap of $8.84 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.93 and a beta of 1.17. The inventory has a 50 day easy transferring common of $159.40 and a two-hundred day easy transferring common of $172.22. 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 has a 1 12 months low of $138.52 and a 1 12 months excessive of $244.55.

Advance Auto Elements (NYSE:AAP – Get Ranking) final introduced its quarterly earnings information on Tuesday, November fifteenth. The corporate reported $2.84 earnings per share for the quarter, lacking the consensus estimate of $3.32 by ($0.48). Advance Auto Elements had a internet margin of 4.30% and a return on fairness of 25.97%. The corporate had income of $2.64 billion in the course of the quarter, in comparison with the consensus estimate of $2.66 billion. On common, analysts forecast that Advance Auto Elements will submit 12.6 earnings per share for the present fiscal 12 months.

Advance Auto Elements Dividend Announcement

The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Tuesday, January third. Shareholders of report on Friday, December sixteenth will probably be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, December fifteenth. This represents a $6.00 dividend on an annualized foundation and a dividend yield of 4.08%. Advance Auto Elements’s payout ratio is at present 77.12%.

About Advance Auto Elements

(Get Ranking)

Advance Auto Elements, Inc supplies automotive substitute components, equipment, batteries, and upkeep objects for home and imported automobiles, vans, sport utility automobiles, and lightweight and heavy obligation vehicles. The corporate presents battery equipment; belts and hoses; brakes and brake pads; chassis and local weather management components; clutches and drive shafts; engines and engine components; exhaust methods and components; hub assemblies; ignition elements and wires; radiators and cooling components; starters and alternators; and steering and alignment components.

Additional Studying

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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